Tuesday, NCI Building Systems Inc. (NCS) said it and Clayton, Dubilier & Rice Inc. have completed the previously-announced $250 million equity investment in the company by CD&R-managed funds. The CD&R-managed funds acquired newly issued preferred stock resulting in an ownership position in the company of around 68.5% on an as-converted basis.
"We have gained the resources to ride out the economic downturn and re-start our growth strategy. NCI now has a stronger balance sheet, which will provide us with significant resources to deal with challenging business conditions, and the financial flexibility to respond to and support market-driven growth initiatives. Additionally, cost reduction programs implemented over the past 12 months have better aligned our manufacturing infrastructure with anticipated demand," said Norman Chambers, chairman, president and chief executive officer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.