Associated Materials Group withdraws plan for initial public offering

Scott Suttell
CRAIN'S CLEVELAND BUSINESS

Published: April 16, 2014 10:16 am ET
Updated: April 16, 2014 10:19 am ET

Related to this story

Topics Mergers & Acquisitions, Construction, Windows & doors, Pipe/Profile/Tubing

Associated Materials Group Inc. of Cuyahoga Falls, Ohio, a manufacturer and distributor of exterior residential building products in the United States and Canada, has withdrawn its plan for an initial public offering.

Last July, the company, which is owned by buyout firm Hellman & Friedman LLC, filed with the U.S. Securities and Exchange Commission for an IPO of up to $100 million.

But in a filing with the SEC on Tuesday, April 15, Associated Materials said, “A determination has been made not to proceed with the initial public offering.”

Associated Materials did not say why it was pulling the planned IPO.

The Wall Street Journal reported that on the same day Associated Materials withdrew its IPO, three other companies priced their initial public offerings below the expected price range. Those snags “are the latest sign of how soft investor demand is roiling a once-hot part of the market, amid a pullback in technology shares and other onetime highfliers,” The Journal said.

Associated Materials was founded in 1947. It recorded $1.2 billion in sales for the 12 months ended Sept. 28, 2013.

The company produces vinyl windows, vinyl siding, vinyl railing and fencing, aluminum trim coil, aluminum and steel siding and related accessories. It also sells complementary products made by third parties, such as roofing materials, cladding materials, insulation, exterior doors, and installation equipment and tools.


Comments

Associated Materials Group withdraws plan for initial public offering

Scott Suttell
CRAIN'S CLEVELAND BUSINESS

Published: April 16, 2014 10:16 am ET
Updated: April 16, 2014 10:19 am ET

Post Your Comments


Back to story


More stories

Image

Inteplast expands in corrugated sheet with Coroplast deal

August 21, 2014 5:28 pm ET

Packaging major Inteplast Group has acquired its main competitor in corrugated plastic sheet, Coroplast Inc. Inteplast gets corrugated sheet plants...    More

Image

NanoHolding, Applied Nanotech merge to form PEN Inc.

August 21, 2014 4:44 pm ET

Nanotechnology firms NanoHolding Inc. and Applied Nanotech Holdings Inc. are merging to create PEN Inc., a publicly held firm whose product mix will...    More

Image

German injection molders Metz-Werke and Inotech to collaborate

August 21, 2014 11:47 am ET

German injection molding companies Metz-Werke GmbH & Co. KG and Inotech Kunststofftechnik GmbH have announced that they have joined forces to bring...    More

Image

German firms combine hybrid part expertise

August 21, 2014 11:18 am ET

L. Possehl & Co.'s acquisition of TPS Technical Plastic Systems GmbH will bring together companies which specialize in the manufacture of hybrid...    More

Image

Ply Gem continues acquisition streak, buying Simonton for $130 million

August 20, 2014 2:33 pm ET

Building materials manufacturer Ply Gem Holdings Inc. will acquire Simonton Windows from Fortune Brands Home & Security in a $130 million deal that li...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events