Environmental StoneWorks shifts to Cornerstone umbrella

Sources: NCI Building Systems, Inc., Cary, N.C.; CP staff

Two months after joining the Ply Gem Building Products business by way of a nine-figure deal, Denver-based precast concrete veneer producer Environmental StoneWorks will be among Cornerstone Building Brands. The latter spans the exterior products businesses of NCI Building Systems and Ply Gem, which merged in 2018, and is set to trade on the New York Stock Exchange under the ticker symbol “CNR” pending shareholder approval next month.

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Metal building giant NCI seals $187M Environmental StoneWorks deal

Sources: NCI Building Systems Inc., Cary, N.C.; CP staff

The largest manufacturer of pre-engineered metal building systems and components is extending its cladding portfolio deeper into precast concrete stone veneer. Through its Ply Gem Stone business, NCI Building Systems has closed on Environmental Materials LLC, the Denver-based entity behind the Environmental StoneWorks brand, in a transaction valued at $187 million.

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