Quanex Building Products completed the acquisition of Tyman for $1.1bn.

Quanex Building Products, a metal window and door manufacturing company, completed the acquisition of Tyman, a supplier of engineered components to the door and window industry, for $1.1bn. "As one company, we will have an enhanced financial profile grounded in attractive margins, strong free cash flow and a healthy balance sheet, that will enable us to invest in organic and inorganic growth opportunities to deliver superior returns for investors. The industrial logic and strategic rationale of bringing Quanex and Tyman together are clear and compelling, and we are confident in our ability to drive meaningful value creation for both Quanex and Tyman shareholders and enhanced market offerings for our customer base," George Wilson, Quanex Chairman, President and CEO.