Dunes Point Capital, LP Announces Signing a Purchase Agreement to Sell the Distribution Business of Harvey Building Products
Markel Group Inc. (MKL)
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Source: PR Newswire
RYE, N.Y., March 16, 2020 /PRNewswire/ -- Dunes Point Capital, LP ("DPC") has entered into a definitive agreement to sell the distribution business of Harvey Building Products ("Harvey") to Lansing Building Products ("Lansing"). The transaction is expected to close in the second quarter of 2020. Simultaneously, Lansing entered into a definitive agreement to sell a majority interest to Markel Corporation (NYSE: MKL). DPC will retain the manufacturing business of Harvey. Located in Waltham, MA, the distribution business of Harvey sells windows, doors, roofing, siding and other building materials directly to contractors, builders, general contractors and other building industry professionals. The distribution business of Harvey operates 36 distribution centers and 14 product showrooms that are open to the public in the Northeast. Harvey separately owns a manufacturing business that manufactures and sells windows and doors under the Harvey, Northeast Building Products, Soft-Lite, and
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