"Like all successful businesses today, Andersen continually looks for ways to strategically grow our business," said Jim Humphrey, president and chief executive officer of Andersen Corporation. "Eagle gives us an excellent opportunity to expand our product portfolio and meet the needs of more customers with an even broader range of solutions. With their dedicated work force, strong dealer network, excellent management, track record of solid growth, and quality products, Eagle will clearly help drive growth for the Andersen enterprise."
Eagle employs nearly 900 people in a new manufacturing facility in Dubuque, Iowa. It focuses primarily on high-end residential and commercial construction projects.
"We are excited about the prospects of becoming part of the Andersen enterprise," said Dave Beeken, president and chief executive officer of Eagle. "The combination of Eagle and Andersen will provide great opportunities for our customers and employees."
Eagle is currently owned primarily by Linsalata Capital Partners, a Cleveland-based private equity group. The terms of the agreement were not disclosed. A tentative closing date is set for late May.
Andersen is the world's largest manufacturer of wood windows, patio doors and storm doors, and celebrated its 100th anniversary in 2003. The Andersen(R) brand is the most recognized brand in the window and patio door industry. The company is privately owned and has a strong history of commitment to its business partners, employees, community and the environment.