Investor Press Release
Quanex(R) Acquires Imperial Products, Inc.; Indiana-Based Door Products Manufacturer Expands Company's Engineered Products Group
HOUSTON, April 4 /PRNewswire/ -- Quanex Corporation (NYSE: NX) announced today that it has purchased Imperial Products, Inc., a leading manufacturer of value-added exterior door components based in Richmond, Indiana, from Jayhawk Growth Company, L.L.C. Terms of the transaction have not been disclosed.
"This acquisition expands the specialized design and manufacturing operations of Quanex's Fabricated Products Division, which is part of the company's Engineered Products Group," explained Vernon E. Oechsle, chairman and chief executive officer of Quanex. "Imperial Products is a market leader in the production of sophisticated residential exterior-door products for customers nationwide. It fits nicely with our other fabrication plants, providing innovative, patented products; superior customer service; and advanced manufacturing processes at a modern facility."
Quanex's Fabricated Products Division includes one plant in Rice Lake, Wisconsin (AMSCO) and two facilities in Chatsworth, Illinois (Homeshield). The division uses specialized roll-forming, polylaminating, stamping, and laser welding processes to produce custom-designed, value-added metal products for the homebuilding and remodeling, office furniture, and other industries.
Quanex is a technological leader in the production of value-added engineered steel bars, aluminum flat-rolled products, and engineered, formed- metal products for transportation, capital equipment, building and construction, packaging, defense and other industries. The company was founded in 1927 and its stock is listed on the New York Stock Exchange under the symbol NX. For more information, call or visit the company's web site at www.quanex.com.
Editorial contact: Patrick Cassidy of Quanex Corporation, 713-877-5389.
SOURCE Quanex Corporation
Web site: http: //www.quanex.com
Photo: NewsCom: http: //www.newscom.com/cgi-bin/prnh/19990517/NXLOGO PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT: editorial, Patrick Cassidy, 713-877-5389, or financial, Jeff Galow, 713-877-5327, both of Quanex Corporation
CAPTION: NXLOGO QUANEX CORPORATION LOGO Quanex Corporation logo. (PRNewsFoto)[HD] HOUSTON, TX USA 05/17/1999