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Cornerstone Building Brands, Cary, N.C., has reached an agreement to acquire Harvey Building Products, a manufacturer of windows and doors, and its portfolio of industry-leading brands: Harvey, SoftLite and Thermo-Tech. Headquartered in Waltham, Ma., Harvey has approximately 1,200 employees at four manufacturing facilities located throughout the Northeast and Midwest. Harvey specializes in premium, custom windows and doors primarily serving the Eastern United States.
This strategic acquisition increases Cornerstone Buildings Brands’ exposure to the Repair & Remodel (R&R) end market and strengthens its offering in distribution and dealer channels, adding premium products to its portfolio.
“Harvey Building Products has a strong reputation as a premium R&R manufacturer and is an ideal addition to Cornerstone Building Brands as we forge ahead in our journey to be a premier exterior building products company,” said Rose Lee, president and CEO of Cornerstone Building Brands. “This transaction will strengthen our presence across the Northeast and the Midwest with key leading brands. It will also enable us to be a stronger partner of choice for our customers and to better serve them.”
Justin St. Hilaire, president of Harvey Building Products, added, “We are thrilled to be joining Cornerstone Building Brands as this new partnership will mark an exciting chapter in Harvey’s growth journey. The company’s strong customer focus, deep channel relationships and extensive product breadth make it a perfect partner to accelerate our future growth while continuing our mission of delivering a quality experience to our internal and external stakeholders. We are immensely thankful to our previous owner, Dunes Point Capital, for helping us reach this stage of development.”
Cornerstone Building Brands expects the transaction to be accretive through purchasing synergies and revenue growth opportunities. The transaction, subject to regulatory approval and customary closing conditions, is expected to close in the second quarter of 2024.
Cornerstone Building Brands is a leading manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and Repair & Remodel (R&R) markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multi-channel distribution platform and expansive national footprint includes approximately 18,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and Environmental, Social and Governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play.
