Apogee Enterprises announced that it has completed the acquisition of UW Interco – which is a vertically integrated manufacturer of high-performance coated substrates used in graphic arts, building products, and other applications – for $240 million in cash.
For fiscal 2025, the company expects the acquisition to contribute incremental net sales of approximately $30 million and a decrease in adjusted diluted EPS of approximately $0.10, primarily due to increased interest and amortization expense. And in fiscal 2026, the acquisition is expected to be accretive to adjusted diluted EPS, contributing approximately $100 million of revenue with an adjusted EBITDA margin of approximately 20%.
Apogee Enterprises is a leading provider of architectural building products and services, and high-performance coated materials used in a variety of applications. Based in Minneapolis, Minnesota, the company’s portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance.
UW Solutions works with a diverse range of customers in attractive markets. And these include specialty flooring systems used in distribution centers and manufacturing facilities, dye sublimation photo panels for photography, signage, interior décor, and personalized gifts, and advanced coating solutions for industrial and commercial applications. UW Solutions’ portfolio includes renowned brands such as ResinDek, ChromaLuxe, RDC Coatings, and Unisub, each recognized as a leader in its respective market.
UW Solutions, based 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.
This 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.
KEY QUOTES:
“I am excited to welcome the UW Solutions team to Apogee. This acquisition expands the capabilities and market opportunity of our Large-Scale Optical segment, leveraging the combined strengths of both businesses to create a new engine for growth.”
- Ty R. Silberhorn, Apogee’s Chief Executive Officer
