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Stock impact report

NCI Building Systems Announces Closing of Ply Gem's Acquisition of Environmental Materials, LLC

NCI BUILDING SYSTEMS (NCS) 
Last nci building systems earnings: 12/19 07:00 am Check Earnings Report
US:NYSE Investor Relations: ncibuildingsystems.com/investors.html
Company Research Source: PR Newswire
CARY, N.C., Feb. 20, 2019 /PRNewswire/ -- NCI Building Systems, Inc. (NYSE: NCS) ("NCI" or the "Company") announced today that NCI's Ply Gem business has closed on the previously announced acquisition of Environmental Materials, LLC ("Environmental Stoneworks"). Under the terms of the previously announced Unit Purchase Agreement, with Environmental Stoneworks and certain of its affiliates, NCI paid total consideration of approximately $187 million, including the assumption of debt and subject to post-closing adjustments, for 100% of the outstanding limited liability company interests of Environmental Stoneworks. The transaction was financed through borrowings under the Company's asset-based revolving credit facility. "The acquisition of Environmental Stoneworks, when combined with our existing stone businesses, positions our organization as a market leader in stone veneer. As one of the fastest growing categories of exterior cladding materials, it allows us to better serve our residen Show less Read more
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