We announced today that Clayton, Dubilier and Rice (CD&R) has completed its acquisition of Cornerstone Building Brands. Upon receiving all approvals and satisfying all conditions, CD&R acquired all remaining outstanding shares of stock they did not already own. As a result of this transaction, Cornerstone Building Brands is now a privately held company and our stock will no longer be traded on the New York Stock Exchange. A copy of the press release we issued can be found here.
This is an important milestone for Cornerstone Building Brands. CD&R has been a supportive shareholder of Cornerstone Building Brands since its creation in 2018, and of NCI prior to then, and has had a front-row seat to our transformation and growth. Importantly, CD&R believes in our team, our strategy, our culture and our future. They are excited about the many opportunities ahead as we work to advance our operational improvements and innovation-driven growth plan. With their leadership, we will advance in our journey to become the premier exterior building solutions company and strengthen our position as the partner of choice for our customers.