Quanex to Purchase TruSeal

Quanex Corp., manufacturer of engineered materials and components for the Vehicular Products and Building Products Markets, has entered into an agreement to purchase the stock of TruSeal Technologies from Kirtland Capital Partners. Terms of the deal were not disclosed.

Truseal will become part of Quanex's building products segment.

"TruSeal is a leading manufacturer in their industry and this acquisition complements our efforts to provide our door and window customers with a broad range of high-quality components and products," said Raymond Jean, chairman and chief executive officer of Quanex. "Today, some 90 percent of all new windows manufactured feature insulating glass, and with window demand increasing faster than new home starts, the outlook for this type of business is excellent.

"TruSeal will also provide some customer diversification and give us a platform for international expansion. We look forward to having their strong management team help us grow our building products segment … The acquisition of TruSeal, like Colonial Craft before it, serves as an excellent example of the type of acquisition we'll make at Quanex as we profitably grow our core businesses."