UW Solutions Announces Acquisition by Apogee
Louisville, Kentucky September 26, 2024
UW Solutions, a leading developer and manufacturer of high-performance coated materials, today announced that it has entered into an agreement to be acquired by Apogee (NASDAQ: APOG), a leader in architectural products and services.
UW Solutions serves a diverse range of customers in attractive markets. These include specialty flooring systems used in distribution centers and manufacturing facilities, dye sublimation photo panels for photography, signage, interior décor, and personalized gifts, as well as advanced coating solutions for industrial and commercial applications. With a strong history of innovation and growth, UW Solutions’ portfolio includes renowned brands such as ResinDek®, ChromaLuxe®, RDC Coatings™, and Unisub®, each recognized as a leader in its respective market.
“This acquisition marks an exciting new chapter for UW Solutions,” said Devlin Riley, CEO of UW Solutions. “Joining forces with Apogee will allow us to leverage their core capabilities and platforms, including the Apogee Management System, to further strengthen our operations and accelerate our growth strategies.”
UW Solutions, headquartered in Louisville, Kentucky, with an additional manufacturing location in Pittsburgh and sales offices in Cincinnati, Belgium, and Australia, will be fully integrated into Apogee’s Large-Scale Optical (LSO) segment. This integration is expected to create a new platform for growth in the specialty coatings and materials market.
“We are thrilled to become part of the Apogee family,” continued Riley. “This combination will bring new and expanded opportunities for our employees as we position our business to be a key growth driver within Apogee. Our similar core process technologies and coatings expertise will enable us to expand our reach across a wide range of end-market applications.”
The acquisition is aligned with Apogee’s strategy to Create Peak Value, complementing and expanding their market offerings while providing growth opportunities in architectural markets and accelerating growth strategies in Large-Scale Optical.
UW Solutions and Apogee will work closely to ensure a smooth transition for employees, customers, suppliers, and partners. The transaction is expected to close before the end of the year, subject to customary closing conditions.