Quanex Building Products Corporation parent company of Edgetech and Liniar, has announced that shareholders of both Quanex and Tyman plc have approved Quanex’s proposed acquisition of Tyman.
“On behalf of our Board of Directors and executive management team, I would like to thank Quanex and Tyman shareholders for their support as we move swiftly towards completing the transaction and creating a comprehensive solutions provider in the building products industry,” said George Wilson, Chairman, President and Chief Executive Officer of Quanex. “We continue to prepare internally for the upcoming integration of our two companies and we look forward to working alongside our talented colleagues at Tyman following the close of the transaction. Once combined, we expect to deliver unparalleled value to our customers, employees, and shareholders.”
The acquisition remains subject to the satisfaction of customary closing conditions and is expected to close in August of this year.
