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September 28, 2018
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Andersen Agrees to Sell Silver Line to Ply Gem

Window & Door

Andersen Corp. signed a definitive agreement to sell its hollow core vinyl window and patio door business, including the Silver Line and American Craftsman brands, to Ply Gem. The transaction is expected to close by early in the fourth calendar quarter of 2018, subject to regulatory review and approval, according to an Andersen release.
 
Ply Gem Ply Gem will acquire the portfolio of products sold under the Silver Line and American Craftsman brands as well as the four Silver Line manufacturing plants associated distribution and support services for $190 million. More than 4,000 employees working in these locations and functions will transition to Ply Gem with the business, the companies report.
 
“The addition of the Silver Line business will better balance the mix of end markets that we serve, strengthen our core capabilities and contribute significantly to revenues and earnings," says Gary E. Robinette, Ply Gem’s chairman and CEO. “...We are excited to welcome the Silver Line associates to the Ply Gem family.”
 
“This divestiture is part of Andersen’s broader strategy to sharpen our focus on our Andersen, Renewal by Andersen and specialty brands, continue to make the significant investments required to support our fast-growing, proprietary, Fibrex engineered composite products, and deliver exceptional value to our customers for years to come,” says Andersen chairman and CEO Jay Lund. “In addition, we believe the Silver Line and American Craftsman brands and the talented employees who have built these brands will have continued growth opportunities under Ply Gem’s stewardship.”

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