Haddon Windows Purchases Assets of Accu-Weld LLC
Haddon Windows LLC has purchased the assets of Accu-Weld LLC in
Bensalem, Pa., according to an announcement by Jordan Knauff &
Co. The Chicago-based investment bank served as the advisor to Accu-Weld,
which was a subsidiary of Shapes/Arch Holdings LLC, a portfolio
company of H.I.G. Capital (CLICK
HERE for related article). The company also advised H.I.G Capital
in the transaction.
"H.I.G. is pleased that the transaction was completed in this
challenging environment and allows Shapes/Arch Holdings to focus
on its core businesses of Aluminum Shapes, a leading aluminum extruder
and Delair, a premium aluminum fencing manufacturer and distributor,"
says Craig Kahler of H.I.G. "Furthermore, the employees of
Accu-Weld will be supported by a dedicated team of industry veterans."
Michael Collins of Jordan, Knauff & Company, a columnist for
USGNN.com's sister website, www.dwmmag.com, adds, "This
transaction serves as further confirmation of the interest in the
building products industry on the part of investors."
He continues, "There were roughly two window and door transactions
per month throughout 2008 and 2009 will likely be another busy year
for the industry."
Haddon Windows LLC also is based in Bensalem.
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