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Article: Apogee Extends Architectural Product Offerings with Purchase of Tubelite Inc.
- Article from:
- Business Wire
- Article date:
- December 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Apogee Enterprises, Inc. (Nasdaq:APOG) today announced that it has purchased 100 percent of the stock of Michigan-based Tubelite Inc., which fabricates aluminum storefront, entrance and curtainwall products for the U.S. commercial construction industry, for approximately $44 million (plus or minus closing adjustments). Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.
"The purchase of Tubelite, with annual revenues of approximately $60 million, is part of Apogee's strategy to grow its presence in architectural markets," said Russell Huffer, Apogee chairman and chief executive officer. ...