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Graham Partners buys Chelsea Building Products

Post Time:Jul 26,2011Classify:Industry NewsView:67

Graham Partners, a private investment firm, has acquired Chelsea Building Products from the Tessenderlo Group. Chelsea, based in Oakmont, Pa., designs and extrudes vinyl window and door profiles. Terms of the transaction were not disclosed, according to a July 25 Window & Door report.

Based in Newtown Square, Pa., Graham Partners manages approximately $1.5 billion in investments, focusing on middle-market companies. Its portfolio companies in the building products arena include the Graham Group, which includes Graham Architectural Products, the York, Pa., based manufacturer of aluminum and fiberglass windows for commercial and institutional buildings.

"The building products industry represents an important sector for Graham Partners," says Rob Newbold, managing principal. "Chelsea Building Products Inc. is well positioned to take advantage of future growth by providing quality products and a well-known brand. They have an experienced management team, a committed and talented employee base, and long-term successful partnerships with their customers. Chelsea Building Products is a dynamic company with demonstrated innovation in the building products industry and we are delighted at the opportunity this acquisition represents."

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Source: http://www.glassmagazine.com/news-item/commercial/graham-partners-buys-chelsea-building-products-118474Author:

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