Officials for Jeld-Wen Holding Inc. announced their company has entered a conclusive agreement to acquire VPI Quality Windows Inc.—a move they say is expecting to add approximately $60 million in annualized revenue. The acquisition will be immediately accretive to both adjusted earnings per share (EPS) and adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margins.

A vinyl window manufacturer, VPI specializes in customized solutions for mid-rise multi-family, institutional, hospitality and commercial projects.

“VPI will provide Jeld-Wen with a foundation for growth in the multi-family window market, providing us with a premier product and brand in the segment,” says Gary Michel, president and chief executive officer. “We believe that VPI’s capabilities and service model, combined with Jeld-Wen’s national distribution footprint, will provide significant growth potential”

Jeld-Wen expects the transaction to close late in the first quarter of 2019.

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