Andersen Corporation Finalizes Purchase of Eagle Window & Door, Inc.
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Andersen Corporation announced today that it has finalized its purchase of Eagle Window & Door, an Iowa-based manufacturer of aluminum clad wood windows and patio doors. "Eagle Window & Door is a great strategic fit for our company," said Jim Humphrey, president and chief executive officer of Andersen Corporation. "We now have another important piece in the puzzle we are building to make Andersen a more complete supplier, especially in the high-end, residential new construction segment of the market. Since our recent announcement of a definitive agreement to purchase Eagle, we have been extremely pleased by employee and customer enthusiasm about the purchase." Eagle sells its products primarily through a strong network of dealers. The product line includes a wide range of design options including 50 standard exterior colors, nine interior wood species, 11 factory interior finishes, decorative glass and blinds between the glass. "We are pleased to be part of the Andersen enterprise and to help them shape their future as leaders in the window and door industry," said Dave Beeken, president and chief executive officer of Eagle. "The purchase by a market leader who is focused on the long-term growth of the business gives our employees and customers a partner that will help to take us to the next level." Eagle, which will be operated as a managed, wholly owned subsidiary, employs nearly 900 people in a new manufacturing facility in Dubuque, Iowa. It had been owned by Linsalata Capital Partners, a Cleveland-based private equity group. The terms of the agreement were not disclosed. Andersen is the world's largest manufacturer of wood windows, patio doors and storm doors, and celebrated its 100th anniversary in 2003. The Andersen® brand is the most recognized brand in the window and patio door industry. The company is privately owned and has a strong history of commitment to its business partners, employees, community and the environment. "Andersen" and the AW logo registered trademarks of Andersen Corporation. ©2005 Andersen Corporation. All rights reserved.
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