DALLAS, June 26,
2024 /PRNewswire/ -- Oldcastle BuildingEnvelope, Inc.
("OBE"), the leading manufacturer, fabricator and distributor of
architectural hardware solutions, glass and glazing systems in
North America, is pleased to
announce the appointment of Mark
Adamson as Chief Executive Officer, effective July 1, 2024.
Mr. Adamson has over 35 years of experience leading and growing
global companies in the building products sector, including as
Chief Executive Officer of Fletcher Building and Formica
Corporation. Mr. Adamson also has experience as a private equity
Operating Partner where he worked closely with management teams to
execute organic and inorganic growth initiatives. Mr. Adamson holds
a Bachelor of Arts degree in Business and Finance with Honours from
Northumbria University in the UK and qualified as a Chartered
Accountant with Deloitte.
"I am thrilled to join OBE and look forward to working closely
with our talented team to help our customers solve their most
demanding design and project challenges," said Mr. Adamson. "Our
unwavering commitment to customers remains providing
industry-leading quality, reliability and product innovation with
excellent service."
OBE thanks Michael Marcely for
his leadership as Interim Chief Executive Officer. Mr. Marcely will
resume his role as Chief Financial Officer of OBE.
About Oldcastle BuildingEnvelope, Inc.
Oldcastle BuildingEnvelope, Inc. is North America's leading vertically integrated
manufacturer, fabricator and distributor of architectural hardware,
glass and glazing systems. Headquartered in Dallas, Texas, OBE is a world-class building
products company with significant presence in every major market in
the U.S. and Canada. OBE
manufactures high-performance architectural glass products and
aluminum framing systems and, through its subsidiary C.R. Laurence,
distributes complementary branded hardware and glazing supplies.
OBE delivers products to a broad customer base of architects,
glaziers, contractors and developers serving diversified
residential and commercial construction end-markets. With
approximately 6,400 employees, OBE operates 88 manufacturing and
distribution facilities in five countries. For more information
visit www.obe.com.
About KPS Capital Partners, LP
KPS, through its affiliated management entities, is the manager
of the KPS Special Situations Funds, a family of investment funds
with approximately $21.6 billion of
assets under management (as of March 31,
2024). For over three decades, the Partners of KPS have
worked exclusively to realize significant capital appreciation by
making controlling equity investments in manufacturing and
industrial companies across a diverse array of industries,
including basic materials, branded consumer, healthcare and luxury
products, automotive parts, capital equipment and general
manufacturing. KPS creates value for its investors by working
constructively with talented management teams to make businesses
better, and generates investment returns by structurally improving
the strategic position, competitiveness and profitability of its
portfolio companies, rather than primarily relying on financial
leverage. The KPS Funds' portfolio companies generate aggregate
annual revenues of approximately $19.6
billion, operate 223 manufacturing facilities in 26
countries and have approximately 47,000 employees, directly and
through joint ventures worldwide (as of March 31, 2024). The KPS investment strategy and
portfolio companies are described in detail at www.kpsfund.com.
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SOURCE Oldcastle BuildingEnvelope