Exterior building products manufacturer Cornerstone Building Brands acquired Cascade Windows for a cash purchase price of $245 million. Cascade is an independent manufacturer of energy-efficient vinyl windows and doors serving the resident, new construction, and repair and remodel markets. Spokane Valley, Wash.-based Cascade has approximately 800 employees at its six manufacturing and three distribution centers across the west and Pacific northwest.
“Cascade is an excellent strategic fit for our company and advances our strategy to grow in the large, deep residential windows market,” James Metcalf, chairman and CEO, said in a prepared statement. “Additionally, the acquisition expands our manufacturing presence across the rapidly growing west coast region and enhances our tailored solutions offering for our customers. I look forward to welcoming our new teammates from Cascade to the Cornerstone Building Brands family.”
Cornerstone said it expects the transaction to be accretive through purchasing and manufacturing optimization synergies, margin expansion, and revenue growth opportunities. Cascade generated approximately $160 million in sales during the trailing twelve months ended May 2021. The transaction is expected to close in the third quarter of 2021.
Cary, N.C.-based Cornerstone Building Brands is a manufacturer of exterior building products for residential and low-rise non-residential buildings. The company’s portfolio includes vinyl windows, vinyl siding, stone veneer, insulated metal panels, metal roofing, metal wall systems, and metal accessories.
