Quanex Closes Acquisition of TruSeal Technologies

Quanex Corp. announced December 31 the closing of the stock purchase of Beachwood, Ohio-based TruSeal Technologies from Kirtland Capital Partners for $113 million in cash. The company says it financed the acquisition by borrowing against its $310 million revolving credit facility.

"TruSeal is a leading manufacturer in its niche fenestration market and the acquisition compliments our efforts to provide our building product customers with a broader range of high-quality components and products," said Raymond Jean, Quanex chairperson, and chief executive officer.

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