September 17, 2014 7:30 PM ET

Building Products

Company Overview of Ply Gem Industries, Inc.

Company Overview

Ply Gem Industries, Inc. manufactures and sells various products for the residential and commercial construction, manufactured housing, and remodeling and renovation markets in the United States and Canada. Its Siding, Fencing, and Stone segment offers vinyl sidings and skirtings; vinyl and aluminum soffits; aluminum trim coils; cellular polyvinyl chloride (PVC) trims and moldings; J-channels; wide crown moldings; window and door trims; F-channels; H-molds; fascia; undersill trims; outside/inside corner posts; rain removal systems; and injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fences, vinyl and composite railings, and stone venee...

5020 Weston Parkway

Suite 400

Cary, NC 27513

United States

Phone:

919-677-3900

Key Executives for Ply Gem Industries, Inc.

Vice Chairman
Age: 65
Chief Financial Officer
Age: 52
Chief Operating Officer and Executive Vice President
Age: 52
Director
Age: 63
President of U S Windows Group
Age: 50
Compensation as of Fiscal Year 2014.

Ply Gem Industries, Inc. Key Developments

Ply Gem Industries, Inc. Commences Offering of $150.0 Million Senior Notes Due 2022

On September 15, 2014, Ply Gem Industries, Inc. commenced an offering of $150.0 million aggregate principal amount of 6.50% senior notes due 2022. On September 15, 2014, the company priced $150.0 million aggregate principal amount of 6.50% senior notes due 2022 at an issue price of 93.25%, plus accrued and unpaid interest, if any. The new notes will be issued under the same indenture that governs the company's $500.0 million aggregate principal amount of 6.50% senior notes due 2022 that were issued on January 30, 2014. The company intends to use the proceeds from the new notes and approximately $3.1 million of cash on hand to fund the company's purchase of all the issued and outstanding shares of common stock of Fortune Brands Windows, Inc., for a purchase price of $130.0 million, to pay fees and expenses in connection with the offering of the new notes and the Simonton acquisition and for general corporate purposes, including the repayment of approximately $10.0 million of indebtedness under the company's senior secured asset-based revolving credit facility. The closing of the offering is expected to occur on September 19, 2014, and is subject to a number of conditions, including the satisfaction or waiver of all conditions to the closing of the Simonton aquisition. The new notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The new notes will not be initially registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement, an applicable exemption from registration requirements or in a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This disclosure shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

J-Channel Industries Corporation Settles Patent Infringement Lawsuits with Atrium Windows and Doors, Inc., Pella Corporation, Ply Gem Industries, Inc., and Simonton Building Products, Inc

ITUS Corporation announced that its wholly owned subsidiary, J-Channel Industries Corporation (JCIC), has entered into licenses with Atrium Windows and Doors, Inc., Pella Corporation, Ply Gem Industries, Inc., and Simonton Building Products, Inc., all in connection with JCIC's patented J-Channel Window Frame Construction technology. The Agreement resolves patent infringement lawsuits filed by JCIC in August 2013 against Atrium, Pella, Ply Gem, and Simonton, which will be dismissed. JCIC has now entered into 11 settlement and/or license agreements in connection with its J-Channel Window Frame Construction technology.

Ply Gem Industries, Inc. Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-24-2014

Ply Gem Industries, Inc. Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-24-2014 . Venue: Loews Miami Beach, Miami, Florida, United States.

Similar Private Companies By Industry

Company Name Region
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 19, 2014
Fortune Brands Windows, Inc.
 

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