Andersen Corp. to Purchase Silver Line Building Products

Andersen Corp. has announced that it has signed a definitive agreement to purchase Silver Line Building Products Corp., a manufacturer of vinyl windows and patio doors in North America. Founded in 1947, Silver Line is a privately-owned company based in New Jersey, with additional facilities in Massachusetts, North Carolina, Georgia, Ohio, Texas, and Illinois.

"We are very excited about this opportunity to expand our business into new market segments, especially via the leading vinyl window manufacturer," said Jim Humphrey, president and chief executive officer (CEO) at Andersen Corp., a national manufacturer of wood windows and doors. "Vinyl windows serve a segment of the market that is growing rapidly. Adding this product line to the enterprise's portfolio will enable an Andersen company to provide windows and doors for virtually any new construction or home improvement project in any area of the country."

"This agreement marks an exciting milestone in the evolution of Silver Line. The resources that will be available to us as part of the Andersen enterprise will position us to meet our growth targets for the future," said Kenneth Silverman, chairperson and CEO of Silver Line. "After running a family-owned business for 59 years, we are proud to join another organization with a similar culture and rich history of success and caring."

The purchase by Andersen is contingent on the successful completion of a due diligence process and regulatory approval. Terms were not disclosed. A tentative closing date is set for June 30. Andersen plans to operate this business as a standalone subsidiary, with Ken Silverman leading his current management team.

"We are very excited about working with Silver Line's leadership team to see its strategic plan become a reality. Their team has an excellent growth strategy that fits very well with our enterprise objectives," said Humphrey.

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