June 2008 -- In April, Quanex Corp., a manufacturer of seamless steel bars for the automotive industry,
completed the spin-off of its building products business to its stockholders and the subsequent
merger of the former Quanex Corp. with a subsidiary of Gerdau S.A., Brazil's largest producer of
long-rolled steel (a deal valued at $1.7 billion). The new company, Quanex Building Products
Corp., is now a manufacturer of value-added, engineered materials and components for the
building products markets
The new company operates in two reportable business segments: engineered building products and
aluminum sheet building products. The engineered building products segment manufactures window
and door components for original equipment manufacturers serving the residential construction
and remodeling markets. Products include insulating glass spacer/sealant systems, window and
patio door screens, aluminum cladding and other roll formed metal window components, door
components, residential exterior products, engineered vinyl and composite patio door and window
profiles and custom window grills, and trim and architectural moldings in a variety of woods for
the home improvement, residential, and light commercial construction markets.
The aluminum sheet building products segment includes an aluminum mini-mill casting operation
and three stand-alone aluminum sheet cold finishing operations. Aluminum sheet finishing
capabilities include reducing reroll coil to specific gauge, annealing, slitting and custom
coating.
The company had 2007 sales of $964 million (unaudited condensed ProForma).
