PHILADELPHIA, March 21, 2017 – Graham Partners, a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings and strong growth potential, is pleased to announce it has sold Chelsea Building Products, Inc. (“Chelsea”). Chelsea is a leading designer and manufacturer of customized engineered extruded profiles used in PVC windows and doors, cellular PVC molding, composite cellular PVC cladding, and other specialty building products. The sale of Chelsea marks the fourth exit in six months for Graham Partners.
Under Graham’s activist and operationally-focused ownership, Chelsea grew LTM EBITDA by 171%, driven by several initiatives, including:
Rob Newbold, Managing Principal at Graham Partners, explained, “We saw an opportunity to tap into Graham’s deep network of building products industry experts as a result of our longstanding history and experience in the industry. These contacts enabled us to develop and execute on a clear strategic plan for the future of the business.” Peter Dewil, CEO of Chelsea, stated, “We greatly value the industry knowledge and operational support that Graham provided during their ownership, and we are excited for what the future holds for Chelsea.”
William Timmerman, Principal at Graham Partners, added, “We are very pleased with the growth that Chelsea has experienced under our ownership. The company’s management team is truly dedicated to continuous improvement, offering the highest quality products and providing its customers with unique, value-added services. We are confident in their continued success under new ownership, and wish them the best.”
About Chelsea (http://www.chelseabuildingproducts.com)
Headquartered in Oakmont, Pennsylvania, Chelsea Building Products specializes in the design and manufacture of customized engineered extruded profiles used in PVC windows and doors, cellular PVC moldings, composite cellular PVC cladding, and other specialty building products. The company serves the repair and remodel, as well as the new construction segments of the building products industry. Chelsea’s full service offering – from profile design, to prototype, PVC formulations, to full production – provides customers a one-stop-shop for customized products. Chelsea’s diverse portfolio of energy efficient products addresses the evolving federal regulatory standards of the high-performance vinyl window and door markets.