NCI Building Systems Announces Closing of Ply Gem’s Acquisition of Environmental Materials, LLC

NCI Building Systems, Inc. (“NCI” or the “Company”) announced that NCI’s Ply Gem business has closed on the previously announced acquisition of Environmental Materials, LLC (“Environmental Stoneworks”). Under the terms of the previously announced Unit Purchase Agreement, with Environmental Stoneworks and certain of its affiliates, NCI paid total consideration of approximately $187 million, including the assumption of debt and subject to post-closing adjustments, for 100% of the outstanding limited liability company interests of Environmental Stoneworks. The transaction was financed through borrowings under the Company’s asset-based revolving credit facility.

“The acquisition of Environmental Stoneworks, when combined with our existing stone businesses, positions our organization as a market leader in stone veneer. As one of the fastest growing categories of exterior cladding materials, it allows us to better serve our residential customers, while creating considerable cross selling opportunities with our commercial customers,” said James S. Metcalf, Chairman of the Board and Chief Executive Officer. “We are extremely pleased to welcome the customers and employees of Environmental Stoneworks to our family of building product solutions.”

Environmental Stoneworks is the only national manufacturer and installer of stone veneer for the residential and commercial markets. The company offers a broad range of products suitable for local preferences along with installation services to ensure a complete turnkey solution. Environmental Stoneworks has five manufacturing facilities, twenty-one installation centers and approximately 660 employees in the United States.

About NCI Building Systems

The combination of NCI and Ply Gem, headquartered in Cary, NC, established a leading exterior building products manufacturer with a broad range of products to residential and commercial customers for both new construction and repair & remodel. With a portfolio of key products which includes windows, doors, siding, metal wall and roof systems, engineered commercial buildings, insulated metal panels, stone and other adjacent products, the Company has more than 20,000 employees across 80 manufacturing, distribution and office locations throughout North America.

Contact:

K. Darcey Matthews – Vice President, Investor Relations – (281) 897-7785

Source: NCI Building Systems, Inc.