Tyman Acquired by Quanex in $1.1 Billion Deal

The acquisition marks a significant expansion for Quanex, enhancing its global scale and product offerings.

Quanex Building Products agrees to acquire Tyman for approximately $1.1 billion, aiming to create a more comprehensive solutions provider in the building products sector.
The deal is expected to be earnings accretive for Quanex from the first fiscal year post-close, with $30 million in annual cost synergies anticipated.
Tyman shareholders will receive a mix of cash and Quanex shares, reflecting a 35% premium over Tyman's recent share price.
The acquisition aligns with Quanex's strategic growth plan, expanding its geographic footprint and product range.
Post-acquisition, Tyman will delist from the London Stock Exchange and integrate into Quanex's operations with no planned facility closures.