Cornerstone Building Brands Completes Acquisition of Union Corrugating Company; Expands Metal Roof Offering to Residential Market
CARY, N.C.--(BUSINESS WIRE)--Cornerstone Building Brands, Inc. (NYSE: CNR) (the “Company”), the largest manufacturer of exterior building products in North America, today announced that it had completed the acquisition of Union Corrugating Company Holdings, Inc. (“UCC”), a leading provider of metal roofing, roofing components, and accessories. "We are excited to welcome our UCC colleagues to the Cornerstone Building Brands family,” said Rose Lee, President and Chief Executive Officer. “With the addition of UCC, we are expanding our solutions offerings to customers in the growing residential metal roofing market and are positioned to realize greater manufacturing economies of scale.” The transaction was funded with cash on hand and the Company will report UCC results through the Commercial business segment. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture.
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