HOUSTON, March 11, 2011 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation "Quanex" (NYSE:NX) today announced it will close its acquisition of Edgetech I.G. Inc. "Edgetech" on or before April 1, 2011. Quanex received the applicable government approvals, and as previously announced, the $107 million purchase will be an all cash transaction. Additional information will be disclosed upon closing.
Edgetech is headquartered in Cambridge, Ohio, and has three manufacturing facilities (US/UK/Germany) that produce and market a full line of warm edge insulating glass spacer systems for window and door customers in North America and abroad. Edgetech's products separate and seal double and triple pane glass within a window and further act as a thermal barrier to conserve energy. It will be part of Quanex's Engineered Products Group.
Quanex Building Products is an industry-leading manufacturer of engineered materials, components and systems serving the US residential window and door markets. It is an ROIC-driven company that grows shareholder returns through a combination of organic growth via new products and new programs, and strategic acquisitions. The Company is listed on the New York Stock Exchange under the symbol NX. For further information visit the Company's website at .
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