ProSales’ Vincent Salandro reports exterior products manufacturer Ply Gym Parent and NCI Buildings Systems, a manufacturer of exterior building products for commercial construction, have signed an agreement under which the companies will combine in a stock-for-stock merger. In a July 17 press release, the companies announced the combined company will have an enterprise value of $5.5 billion and an implied equity value of $2.6 billion.
NCI bills itself as one of North America’s largest integrated manufacturers of metal products, selling metal wall and roof systems, insulated metal panels, roll-up doors, trim, and accessories in the commercial construction industry. Ply Gem is known mainly for its residential construction products.
The transaction will create a North American exterior building products platform providing new construction and repair and remodel solutions for commercial and residential applications. The combined company will aim to serve customers with a broader product portfolio across multiple end markets.
