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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