MI Windows and Doors Inc. has agreed to purchase what used to be the eastern North American assets of CertainTeed Corp.'s window and door fabrication business from Kearney, Mo.-based Ply Gem Industries Inc.
Ply Gem acquired CertainTeed's window business in September.
The firms did not disclose the terms of the deal or the locations of the plants involved.
Gratz, Pa.-based MI has entered into a 10-year agreement with Valley Forge, Pa.-based CertainTeed that makes MI the licensor of the CertainTeed brand for windows and doors in North America's eastern regions.
The impetus behind Ply Gem officials' decision to buy the CertainTeed business last year was to bolster the firm's portfolio and market share in the West, said Shawn Poe, Ply Gem's chief financial officer, in a Jan. 17 telephone interview. Ply Gem will continue to license and manufacture CertainTeed-brand windows and patio doors in those regions.
The transaction will not affect an extrusion and fabrication plant in Auburn, Wash., and two California fabrication plants in Sacramento and Corona acquired in the Ply Gem-CertainTeed deal.
Ply Gem is owned by private equity group Caxton-Iseman Capital Inc. in New York, which bought the building products giant in 2004.