Foley & Lardner LLP is serving as legal advisor to Quanex Building Products Corporation in its agreement to acquire Tyman plc, a leading international supplier of engineered fenestration components and access solutions to the construction industry, in a recommended cash and share offer at an enterprise value of approximately $1.1 billion. The transaction, subject to both regulatory and stockholder approval and other customary closing conditions, is expected to create a comprehensive solutions provider in the building products industry.
Tyman’s family of brands includes highly regarded names that boast wide customer bases and offer product solutions in the window and door hardware, commercial access solutions, and seals and extrusions vertical segments for residential and commercial users across its North America, U.K. and Ireland, and International divisions. Together with Quanex, the combined company will have global scale and leading positions across an enhanced offering of differentiated engineered components.
Quanex is a global manufacturer with core capabilities and broad applications across various end markets. Quanex currently collaborates and partners with leading OEMs (Original Equipment Manufacturer) to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration, and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and process engineering to expand into adjacent markets.
The Foley deal team was led by corporate partners Evan Stone, Christopher Babcock, and Garrett Bishop, senior counsel Taza Asif, and associate Kyndle Bennett with support from partner Gregory Neppl (antitrust), partner Hoang Quan Vu, of counsel Neal Bakare, and associate Jennifer Gardner (finance), partners Michael Abbott and Stephen Gilles (HR/benefits), foreign legal consultant Andres Alvarez-Cordero (Mexico matters), partner Michael Dubner (IP), and partner Carrie Hoffman (labor and employment).
