Quanex Building Products Announces Completion of Woodcraft Industries Acquisition


HOUSTON – Quanex Building Products Corporation (NYSE:NX) ("Quanex"), a leading supplier of window and cabinet components, today announced the completion of its previously-announced acquisition of Woodcraft Industries ("Woodcraft"). Woodcraft is a premier supplier of doors and components to leading original equipment manufacturers ("OEMs") in the kitchen and bathroom cabinet industry.



Bill Griffiths, Quanex's Chairman, President and Chief Executive Officer, stated, "I am very pleased to formally welcome Woodcraft to the Quanex team. The combination of our two highly-complementary companies brings numerous benefits to Quanex, principally through the expansion of our addressable market to include the $3B kitchen and bath cabinet component industry. We are likewise committed to supporting Woodcraft's stellar reputation for product excellence and customer service, and look forward to supporting their future growth opportunities."



Woodcraft's current management team, led by President Dale Herbst, will continue to operate Woodcraft from its St. Cloud, Minnesota headquarters as a stand-alone, wholly-owned subsidiary of Quanex.



About Quanex Building Products

Quanex Building Products Corporation is headquartered in Houston, Texas, with locations around the world. Our mission is, "to positively impact our customers, employees and shareholders and put them at the center of everything we do, through innovation, technology, best-in-class customer service and excellent returns." An industry-leading manufacturer of engineered materials and components for building products sold to Original Equipment Manufacturers (OEMs), Quanex designs and produces energy-efficient window and door products, systems and solutions, as well as kitchen and bath cabinet components.



Employing top talent, developing forward-thinking technologies and solutions with an emphasis on energy efficiency and aesthetics, continuous improvement and integrity remain the cornerstones of Quanex's business as it positions itself for future growth in the building products market.

 

For more information visit www.quanex.com.



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SOURCE Quanex Building Products Corporation



Web Site: http://www.quanex.com  

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