Announcement Marks Third Transaction for OpenGate in Past Three Months

February 26, 2016

LOS ANGELES, CA – February 26, 2016 – OpenGate Capital, a global private equity firm, announced today that it has signed an agreement to acquire the Window & Door division of Royal Building Products, a manufacturer of vinyl window profiles and patio doors, from Axiall Corporation (NYSE: AXLL). The transaction is expected to close March 31, 2016. Financial terms of the transaction were not disclosed.

The Window & Door division of Royal Building Products (“Royal W&D”) was founded more than 40 years ago and is a leading manufacturer of rigid and cellular vinyl window and patio door profiles, as well as interior vinyl shutters and other extruded vinyl products for a variety of applications. Royal W&D is headquartered in Ontario, Canada with seven manufacturing sites in the United States and Canada.

Axiall Corporation is divesting Royal W&D as part of its overall strategy to focus on core businesses.

The acquisition of Royal W&D is the third transaction announced by OpenGate in the past three months following OpenGate’s acquisition of Power Partners, Inc., a US-based power transformer business in January, 2016, and the signing of a definitive purchase agreement to acquire Bois & Matériaux, a France-based building supplies business in November, 2015.


About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

For more information, please contact:


OpenGate Media Contacts

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

 

Mike Sitrick

Sitrick & Company

Email: Mike_Sitrick@sitrick.com

Telephone: (310) 788-2850


OpenGate Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000