Shareholders Approve Acquisition, Expected To Be Finalised in August
Move brings Quanex closer to its strategic goal of becoming a leading building products provider with a diverse geographical presence, broader product range and larger customer base.
The transaction is still subject to customary closing conditions and is expected to be finalised in August this year.
Tyman is an international supplier of hardware and sealing solutions for doors and windows as well as access solutions for the construction industry. Headquartered in London, the group employs around 3,600 people and has subsidiaries in 15 countries worldwide. The brand portfolio is distributed via three regional business units in Europe, the UK and Ireland, and North America.
“The integration of the high-quality Tyman brand portfolio brings us a major step closer to our strategic goal of creating a leading solution provider of building products with a more diverse geographical presence, a broader product range, and a larger customer base. We will also benefit internally from the expanded engineering, design, and manufacturing capabilities,” said George Wilson, Chairman, President, and Chief Executive Officer of Quanex
About Quanex
Quanex is a global manufacturer with core competencies and a wide range of applications in various end markets. The company works withleading OEMs to provide innovative solutions in the areas of windows, doors, plastic fencing, solar panels, refrigerators, and cabinets.
About Tyman
Tyman is a leading international supplier of technical window components and access solutions for the construction industry. The group designs and manufactures products that improve the comfort, sustainability, security, and aesthetics of residential and commercial buildings.
Email: info@edgetech-europe.com
Website: www.superspacer.com,www.quanex.com
