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