OpenGate to buy Royal Building Products' window and door unit
U.S. private equity firm OpenGate Capital has agreed to acquire the Window and Door division (Royal W&D) of Royal Building Products, a maker of vinyl window profiles and patio doors based in Woodbridge, Ontario. No financial terms were disclosed for the deal, which is expected to close next month. The seller is Axiall Corp (NYSE: AXLL), which is divesting Royal W&D to focus on its core business. Royal W&D has been operational for more than 40 years and currently has seven manufacturing sites in Canada and the United States. Headquartered in Los Angeles, OpenGate was founded in 2005 by Managing Partner Andrew Nikou, a native of Vancouver, British Columbia.
26 February 2016•2 mins read
