US-based Quanex to buy UK's Tyman for $976 million
Mon, Apr 22, 2024 6:38 PM

US-based Quanex to buy UK's Tyman for $976 million

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U.S.-based Quanex Building Products will buy doors and windows supplier Tyman in a cash and share deal that values the British firm at about 788 million pounds ($976 million), the companies said on Monday. Tyman shares surged 25% in early trade. The acquisition comes at a time U.S. housebuilders are cutting prices and offering other incentives to increase sales.

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