CHICAGO and CLEVELAND, March 23, 2017 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Chelsea Building Products, Inc., a portfolio company of Graham Partners, to aluplast GmbH. BGL's Industrials and Building Products team served as the exclusive financial advisor to Chelsea Building Products. Terms of the transaction were not disclosed.
Chelsea Building Products is a leading designer and manufacturer of proprietary, extruded PVC-based exterior building products for the residential construction and light commercial markets. Chelsea's products include PVC lineal systems used in vinyl windows and patio doors, cellular PVC molding, and cellular PVC cladding. The company's proprietary product portfolio is protected by numerous design patents and is complemented by a comprehensive suite of value-added services to deliver a unique value proposition to the marketplace. Chelsea has demonstrated a history of profitable growth, supported by continuous product innovation, new customer acquisitions, implementation of lean manufacturing programs, and the successful integration of strategic acquisitions.
Peter Dewil, CEO of Chelsea, stated, "BGL's strong building products and window and door expertise, combined with its significant global reach, was instrumental in identifying a strong global strategic partner for Chelsea, our customers, and our employees." Rob Newbold, Managing Principal at Graham Partners, added, "The transaction capitalized on our growth strategies for Chelsea to deliver a successful outcome for all involved."
Founded in 1982, aluplast is a family-owned international manufacturer of vinyl window and patio door lineal systems with production and sales operations in more than 30 countries. The transformative acquisition provides a strong presence in the important U.S. market and will serve to accelerate growth and expand aluplast's market position in North America.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company