OpenGate to buy Royal Building Products’ window and door unit

U.S. private equity firm OpenGate Capital has agreed to acquire the Window and Door division (Royal W&D) of Royal Building Products, a maker of vinyl window profiles and patio doors based in Woodbridge, Ontario. No financial terms were disclosed for the deal, which is expected to close next month. The seller is Axiall Corp (NYSE: AXLL), which is divesting Royal W&D to focus on its core business. Royal W&D has been operational for more than 40 years and currently has seven manufacturing sites in Canada and the United States. Headquartered in Los Angeles, OpenGate was founded in 2005 by Managing Partner Andrew Nikou, a native of Vancouver, British Columbia.

PRESS RELEASE

OpenGate Capital Signs Agreement to Acquire the Window & Door Division of Royal Building Products from Axiall Corporation

Announcement Marks Third Transaction for OpenGate in Past Three Months

February 26, 2016

LOS ANGELES–(BUSINESS WIRE)–OpenGate Capital, a global private equity firm, announced today that it has signed an agreement to acquire the Window & Door division of Royal Building Products, a manufacturer of vinyl window profiles and patio doors, from Axiall Corporation (NYSE: AXLL). The transaction is expected to close March 31, 2016. Financial terms of the transaction were not disclosed.

The Window & Door division of Royal Building Products (“Royal W&D”) was founded more than 40 years ago and is a leading manufacturer of rigid and cellular vinyl window and patio door profiles, as well as interior vinyl shutters and other extruded vinyl products for a variety of applications. Royal W&D is headquartered in Ontario, Canada with seven manufacturing sites in the United States and Canada.

Axiall Corporation is divesting Royal W&D as part of its overall strategy to focus on core businesses.

The acquisition of Royal W&D is the third transaction announced by OpenGate in the past three months following OpenGate’s acquisition of Power Partners, Inc., a US-based power transformer business in January, 2016, and the signing of a definitive purchase agreement to acquire Bois & Matériaux, a France-based building supplies business in November, 2015.

About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in New York, Paris, France and São Paulo, Brazil. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 40 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. For more information, please visit www.opengatecapital.com.

Contacts

OpenGate Media Contact
Alanna Chaffin, +1 310-432-7000
achaffin@opengatecapital.com
or
OpenGate Business Development Contact
Joshua Adams, +1 310-432-7000
jadams@opengatecapital.com

Photo courtesy of Shutterstock