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Article: ALCAN SELLS GERARD, U.S. BUILDING PRODUCTS UNIT
- Article from:
- PR Newswire
- Article date:
- January 5, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. 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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BREA, Calif., Jan. 5 /PRNewswire/ -- Montreal-based Alcan Aluminum Limited has agreed to a management-led buyout of Gerard Roofing Technologies, a California subsidiary of Alcan Aluminum Corporation USA. Gerard, headquartered in Brea, Orange County, is a successful manufacturer of stone-coated steel roof tiles and shakes. The price paid for Gerard was not disclosed.
The buyout was negotiated by New York investment bankers, Hill Thompson Capital Markets Inc. Gerard, allied with Alumet Building Products Group, will operate as a stand-alone manufacturing company.
Gerard President, Peter Croft, who will retain his senior position, says the buyout agreement ...