Raquel Vargas Palmer, Co-Managing Partner of KPS, said, "We are thrilled to acquire North America's largest provider of architectural hardware, glass and glazing systems. OBE is the only 'one-stop shop' for every critical product a glazing industry customer needs, and the Company serves attractive, growing end-markets. We intend to drive profitable growth by providing the Company with the financial resources to invest in commercial and operational excellence. Laurence, distributes complementary branded hardware and glazing supplies. OBE delivers products to a broad customer base of architects, glaziers, contractors and developers serving diversified residential and commercial construction end-markets. The Company has over 6,700 employees and operates 84 manufacturing and distribution facilities in five countries. OBE is North America's leading vertically-integrated manufacturer, fabricator and distributor of architectural hardware, glass and glazing systems. Headquartered in Dallas, Texas, OBE is a world-class building products company with significant presence in every major metropolitan statistical area in the United States and Canada. The Company manufactures high-performance architectural glass products and aluminum framing systems and, through its subsidiary C.R. ("OBE" or the "Company") from CRH plc (LSE: CRH) for approximately $3.45 billion in cash. Completion of the transaction is expected in mid-2022 and is subject to customary closing conditions and approvals. 28, 2022 /PRNewswire/ - KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Oldcastle BuildingEnvelope Inc. North American Leader in Architectural Hardware, Glass and Glazing Systems
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