NCI to Merge with Ply Gem

Window & Door
July 20, 2018
Companies

NCI Building Systems and Ply Gem Parent LLC signed a definitive agreement to combine in a stock-for-stock merger; the transaction is expected to close in the fourth calendar quarter of 2018, subject to approval by NCI shareholders and customary regulatory approvals. On a combined basis for calendar year 2018, the company is expected to generate revenue of approximately $4.5 billion.

“This transformational combination creates the leading exterior building products company with multiple avenues for further growth," says NCI chairman James Metcalf. "With a greater ability to attract and retain top talent in all fields, our combined company will continue to innovate in the exterior building products space—far beyond what either of us could do alone."

Metcalf will lead the integration and serve as chairman and CEO of the new company. Ply Gem chairman and CEO Gary Robinette will continue to serve in his role until the close of the transaction. Donald Riley, current CEO of NCI, will serve as CEO of the company’s NCI Division. After the transaction is completed, Robinette will serve as chairman emeritus and special advisor. Shawn Poe, current CFO of Ply Gem, will serve as CFO of the company.

The company will operate under a name to be determined, and each entity will preserve its existing established brands. The company will be headquartered in Cary, North Carolina, with a significant presence in Houston, Texas.