VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Building Products industry including recent transactions, market multiples, company performance and purchase price allocation percentages.

Industry Highlights

• On August 1, 2024, Quanex Building Products Corporation announced
  that it closed on its $949 million acquisition of Tyman plc from Teleios
  Capital Partners. Tyman plc designs, manufactures, and supplies
  engineered fenestration components and access solutions to the
  construction industry.
• On July 24, 2024, Johnson Controls International plc announced it reached a definitive agreement to sell its Residential and Light Commercial HVAC business in an all-cash transaction to the Bosch Group. The transaction includes the North America Ducted business and global Residential joint venture with Hitachi, Ltd., of which Johnson Controls owns 60% and Hitachi owns 40%. The total transaction is valued at $8.1 billion.

Past Industry Updates

Building Products & Distribution: July 2024

Building Products & Distribution: February 2024