Home Industry News NCI Building Systems and Ply Gem form Cornerstone Building Brands following merger

NCI Building Systems and Ply Gem form Cornerstone Building Brands following merger

NCI Building Systems and Ply Gem form Cornerstone Building Brands following merger

CARY, N.C. — NCI Building Systems, Inc., which recently merged with Ply Gem Building Products, has announced that it will officially operate as Cornerstone Building Brands and trade under the ticker symbol “CNR” on the New York Stock Exchange effective May 24.

In a press release, the company said the Cornerstone Building Brands name represents “a unified commitment to business transformation that will drive future growth and effectively serve customers and communities across North America. The term Cornerstone, which is the foundation upon which something greater is built, refers to and emphasizes the essential role the Company’s products and solutions play in residential and commercial projects, from churches and schools to hospitals, homes, government buildings and more. Through a relentless commitment to provide exterior building solutions, Cornerstone Building Brands will enable the communities we serve to grow and thrive.”

“We are dedicated to our customers and well positioned to lead the residential and commercial markets as Cornerstone Building Brands, and to make positive contributions to the places where people live, work and play,” said James S. Metcalf, chairman of the board and chief executive officer. “Through continued operational excellence and innovation, Cornerstone Building Brands is creating industry solutions that will become the cornerstone of countless communities. Our all-encompassing transformation will drive sales, efficiencies, customer satisfaction and enhance employee and community support.”

Cornerstone Building Brands will still offer windows, vinyl siding, insulated metal panels, metal roofing and wall systems and metal accessories, the company says, and with manufacturing facilities located across North America, Cornerstone Building Brands will continue to commitment to advanced manufacturing, innovation and research and development.

The company is also dedicated to implementing and executing several community-focused programs, the press release states, including the Home for Good project, a campaign that will continue to serve as a key corporate initiative and has helped build and remodel more than 500 homes in 90 communities across the U.S. since 2016. Furthermore, the company offers help to its workforce through an employee assistance program that supports those who are facing financial hardship following natural disasters or unforeseen personal hardship.

“The combined strength and balance of our residential and commercial sectors uniquely positions us to lead the market,” added Metcalf. “We are dedicated to delivering an unmatched portfolio of products and look forward to the positive impact Cornerstone Building Brands will have not only on our customers but also in the fabric of the communities we call home.”

The changes to the company’s name and ticker symbol are expected to be effective following shareholder approval at the company’s annual meeting of shareholders on May 23.