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Hellman & Friedman To Acquire Associated Materials In $1.3 Bln Deal - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Exterior residential building products maker Associated Materials, LLC, Wednesday said it has reached an agreement to be acquired by affiliates of Hellman & Friedman LLC, a private equity investment firm, in a deal worth about $1.3 billion.

Erik Ragatz, Managing Director at Hellman & Friedman said, "With its vertically integrated distribution model and innovative product lines, Associated Materials is uniquely positioned to serve exterior contractors in the remodeling and new construction markets."

Associated Materials, owned by affiliates of Investcorp and Harvest Partners, manufactures exterior residential building products, which are distributed through company-owned distribution centers and independent distributors across North America. The company's core products include vinyl windows, vinyl siding, aluminum and steel siding, and accessories.

Deutsche Bank Securities Inc. and affiliates and UBS Investment Bank have provided commitments to finance the transaction, which is expected to close in the fourth quarter of 2010.

Founded in 1984, Hellman & Friedman has raised over $25 billion of committed capital. The private equity firm's recent investments include: Goodman Global, Inc., Kronos Incorporated, Emdeon Business Services, Catalina Marketing Corporation, and Getty Images, Inc.

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