Andersen Sells Secondary Brands to Ply Gem

Andersen Corp. has sold its hollow core vinyl window and patio door business to Ply Gem for $190 million.

The transaction, which covers the Silver Line and American Craftsman brands, aligns with Ply Gem's strategy to drive revenue growth through targeted acquisitions of highly complementary businesses. And it lets Anderson focus on its flagship and specialty brands.

"This divestiture is part of Andersen's broader strategy to sharpen our focus on our Andersen, Renewal by Andersen and specialty brands; continue to make the significant investments required to support our fast-growing, proprietary, Fibrex-engineered composite products; and deliver exceptional value to our customers for years to come," said Andersen chief executive officer Jay Lund. 

Ply Gem will acquire the window and door manufacturer’s portfolio of products sold under the Silver Line and American Craftsman brands, four Silver Line manufacturing plants and associated distribution and support services. More than 4,000 employees at these locations and functions will transition to Ply Gem with the business.

For Ply Gem, the acquisition is expected to create a more comprehensive and balanced portfolio across the repair and remodeling and new construction segments; establish a stronger national residential windows platform; and generate opportunities for operational synergies.

“This transaction is in full alignment with our strategic growth plan,” said CEO Gary Robinette. “The addition of the Silver Line business will better balance the mix of end markets that we serve, strengthen our core capabilities and contribute significantly to revenues and earnings.”