Chicago, Cleveland | March 22, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Chelsea Building Products, Inc., a portfolio company of Graham Partners, to aluplast GmbH. BGL’s Industrials and Building Products team served as the exclusive financial advisor to Chelsea Building Products. Terms of the transaction were not disclosed.
Chelsea Building Products is a leading designer and manufacturer of proprietary, extruded PVC-based exterior building products for the residential construction and light commercial markets. Chelsea’s products include PVC lineal systems used in vinyl windows and patio doors, cellular PVC molding, and cellular PVC cladding. The company’s proprietary product portfolio is protected by numerous design patents and is complemented by a comprehensive suite of value-added services to deliver a unique value proposition to the marketplace. Chelsea has demonstrated a history of profitable growth, supported by continuous product innovation, new customer acquisitions, implementation of lean manufacturing programs, and the successful integration of strategic acquisitions.
Peter Dewil, CEO of Chelsea, stated, “BGL’s strong building products and window and door expertise, combined with its significant global reach, was instrumental in identifying a strong global strategic partner for Chelsea, our customers, and our employees.” Rob Newbold, Managing Principal at Graham Partners, added, “The transaction capitalized on our growth strategies for Chelsea to deliver a successful outcome for all involved.”
Founded in 1982, aluplast is a family-owned international manufacturer of vinyl window and patio door lineal systems with production and sales operations in more than 30 countries. The transformative acquisition provides a strong presence in the important U.S. market and will serve to accelerate growth and expand aluplast’s market position in North America.