We will leverage KPSвЂ™ decades of manufacturing expertise to create an entrepreneurial culture centered on innovation, continuous improvement and excellent customer experience. вЂњWe intend to drive profitable growth by providing OBE with the financial resources to invest in commercial and operational excellence. OBE is the only вЂone-stop shopвЂ™ for every critical product a glazing industry customer needs, and they serve attractive, growing end-markets,вЂќ says Raquel Vargas Palmer, managing partner of KPS. вЂњWe are thrilled to acquire North AmericaвЂ™s largest provider of architectural hardware, glass and glazing systems. We are excited about OBEвЂ™s future opportunities, and we have found a great partner in KPS to capture them.вЂќ We intend to expand our capabilities as a customer-oriented solutions provider in architectural hardware, glass and glazing markets. KPSвЂ™ experience with manufacturing businesses and the significant capital resources available will allow us to continue our investment in our commercial and operational growth strategy. We will continue to build on our industry-leading reputation for quality, reliability and product innovation. вЂњKPS has an exemplary track record of investing in and improving manufacturing businesses, and we are exceedingly confident that they are the right partner to help us execute on our strategic plan. Liz Haggerty will remain CEO at OBE.ДЇormerly a CRH company, OBE is a vertically integrated manufacturer, fabricator and distributor of architectural hardware, glass and glazing systems in North America вЂњThe entire OBE management team looks forward to partnering with KPS as we begin our journey as an independent company,вЂќ says Haggerty.

KPS Partners is a global private equity firm with expertise in investing across a range of manufacturing industries. The company will operate as a standalone company, under the KPS partners umbrella. Oldcastle BuildingEnvelope today announced its acquisition by KPS Capital Partners has been finalized.

Oldcastle building envelope