LOS ANGELES--(BUSINESS WIRE)--OpenGate Capital, a global private equity firm, announced today that it has signed an agreement to acquire the Window & Door division of Royal Building Products, a manufacturer of vinyl window profiles and patio doors, from Axiall Corporation (NYSE: AXLL). The transaction is expected to close March 31, 2016. Financial terms of the transaction were not disclosed.
The Window & Door division of Royal Building Products (“Royal W&D”) was founded more than 40 years ago and is a leading manufacturer of rigid and cellular vinyl window and patio door profiles, as well as interior vinyl shutters and other extruded vinyl products for a variety of applications. Royal W&D is headquartered in Ontario, Canada with seven manufacturing sites in the United States and Canada.
Axiall Corporation is divesting Royal W&D as part of its overall strategy to focus on core businesses.
The acquisition of Royal W&D is the third transaction announced by OpenGate in the past three months following OpenGate’s acquisition of Power Partners, Inc., a US-based power transformer business in January, 2016, and the signing of a definitive purchase agreement to acquire Bois & Matériaux, a France-based building supplies business in November, 2015.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in New York, Paris, France and São Paulo, Brazil. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 40 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. For more information, please visit www.opengatecapital.com.