CARY, N.C., April 11, 2019 /PRNewswire/ -- NCI
Building Systems, Inc. (NYSE: NCS) ("NCI" or the "Company"),
which recently merged with Ply Gem Building Products, announces it
will officially operate as Cornerstone Building Brands and trade
under the ticker symbol "CNR" on the New York Stock Exchange
effective May 24, 2019. The new
name represents the Company's 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."
Offering a comprehensive product portfolio that will continue to
go to market through their existing brand names, Cornerstone
Building Brands is the trusted leader in windows, vinyl siding,
insulated metal panels, metal roofing and wall systems and metal
accessories, serving as a one-stop shop for customers. With
its manufacturing facilities strategically located across
North America, Cornerstone
Building Brands brings a commitment to advanced manufacturing,
innovation and research and development.
The Company is also dedicated to implementing and executing
several community-focused programs 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," adds
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 being held on May 23, 2019.
For more information on Cornerstone Building Brands, visit at
www.cornerstonebuildingbrands.com.
About Cornerstone Building Brands
Cornerstone Building Brands is the largest manufacturer of
exterior building products in North
America. Headquartered in Cary,
North Carolina, the organization serves residential and
commercial customers across new construction and repair &
remodel market. As the #1 manufacturer of windows, vinyl siding,
insulated metal panels, metal roofing and wall systems and metal
accessories, Cornerstone Building Brands combines a comprehensive
portfolio of products with an expansive national footprint that
includes more than 21,000 employees at manufacturing, distribution
and office locations throughout North
America. For more information, visit us at
www.cornerstonebuildingbrands.com.
Investor
Contact:
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All Other
Inquires:
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|
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K. Darcey
Matthews
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Susan
Selle
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Vice President,
Investor Relations
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Chief Marking
Officer
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281-897-7785
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919-677-3933
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Forward-Looking Statements
Certain statements and information in this release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The words
"believe," "anticipate," "plan," "intend," "foresee," "guidance,"
"potential," "expect," "should," "will" "continue," "could,"
"estimate," "forecast," "goal," "may," "objective," "predict,"
"projection," or similar expressions are intended to identify
forward-looking statements in this release.
Such forward-looking statements reflect the views of management
at the time such statements are made and are subject to a number of
risks, uncertainties, estimates, and assumptions that may cause
actual results to differ materially from current expectations,
including but not limited to the results of the Company's
shareholder vote on May 23, 2019, the
ability to integrate the acquired operations and implement the
business plan of the combined company and achieve anticipated
benefits and savings. Additionally, factors listed under "Risk
Factors" set forth in the Company's Annual Report on Form 10-K for
the fiscal year ended October 28, 2018, and the other risks
and uncertainties described in documents we file from time to time
with the SEC, identify other important factors, though not
necessarily all such factors, that could cause future outcomes to
differ materially from those set forth in the forward-looking
statements contained in this release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to these forward-looking statements, whether as a result
of new information, future events, or otherwise.
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SOURCE Cornerstone Building Brands