Cornerstone Building Brands: All You Need to Know (2022)

cornerstone-building-brands
Photo Credit: Cornerstone Building Brands

Cornerstone Building Brands is one of North America’s most prominent manufacturers of exterior building products.

Besides that, they offer job opportunities. They also seem active in mergers and acquisitions, with three additions to their name.

Recently, the company’s activities seem to have turned some investors’ heads. So if you’re one of those curious about this company, whether as an investor or job seeker, then you are on the right flight!

Come on! Let’s head over to North Carolina! We have a lot of interesting facts to tell you about this company.

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Cornerstone Brands Inc.

Brief History

This company was founded in 1984 as NCI Building Systems. However, on November 16, 2018, two companies merged to form it. These companies are NCI Building Systems, Inc. and Ply GemParent, LLC.

As a result, it announced in April 2019 that it would officially operate as Cornerstone Building Brands, with a headquarter in Cary, North Carolina.

So in case you’re wondering who owns NCI Building Systems, it is now Cornerstone Building Brands due to the merger with Ply Gem Parent, LLC.

About

Cornerstone Building Brands Inc. manufactures exterior building products in North America.

So, it provides complete building solutions for the residential and commercial markets. Its operation also covers new construction and the repair & remodel markets.

In other words, they design, engineer, manufacture, install residential products, and market external building products.

Some of its products you can easily spot in a building shop include windows, vinyl siding, and insulated metal panels. They also produce metal roofing, wall systems, and metal accessories.

In addition, the company distributes Ply Gem Canada products through its distribution centers across Western Canada.

They also manufacture and distribute North Star branded windows for the premium-priced tier of Ontario’s residential repair and remodel market.

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Headquarters Location

Cornerstone Brands Inc. is located in Cary, North Carolina. So you can visit them at 5020 Weston Pkwy Ste 400, Cary, North Carolina, 27513-2322.

Further, the company also operates 107 manufacturing facilities across the U.S. and Canada. They are also supported by a network of 52 distribution and branch office facilities (Source).

Contact

Phone Numbers

  • (866) 419-0042
  • 1 281 8977788

Website: www.cornerstonebuildingbrands.com

Number of Employees

Cornerstone has over 10,001 employees across North America. You can also find about 3,259 of these employees on LinkedIn.

Just in case you want to link up and network, check them out here on cornerstone building brands LinkedIn. But remember to be professional!

Initial Public Offering (IPO)

Private.

Industry

Wholesale Building Materials

Financials

According to data from investor website, the following are the Cornerstone Building financials:

  • 2021 Net Sales: $5,583.1 million
  • 2021 Net Income: $665.9 million

President

Rose Lee

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Cornerstone Building Brands Acquisitions

In addition to its broad coverage of North America and Canada, Cornerstone has acquired three organizations.

Its most recent acquisition was Union Corrugating Company on Dec 6, 2021.

The following is a list of their acquisitions:

Acquiree NameAnnounced Date PriceTransaction Name
Union Corrugating
Company
December 6, 2021Union Corrugating
Company
acquired by Cornerstone
Building Brands
Cascade WindowsAug 2, 2021$245MCascade Windows
acquired by Cornerstone
Building Brands
Kleary MasonryMar 3, 2020Kleary Masonry
acquired by Cornerstone
Building Brands

Operating Segments

First, we’ll look at the window segment. After that comes the siding segment. Finally, we’ll discuss the commercial part.

Windows Segment

The Windows segment offers a broad line of windows and doors at multiple price tiers. This covers both residential new construction and residential repair and remodeled markets.

However, these markets are primarily in the United States and Canada. Further, their main products include vinyl, aluminum, and wood.

They also offer aluminum-clad-wood windows and patio doors, as well as steel. This includes wood and fiberglass entry doors.

In addition, the breadth of their product offering includes:

  • Wholesale and specialty distributors
  • Retailers and manufactured housing
  • End-user markets: residential new construction and residential repair and remodel
  • Homebuilders and Contractors (in Canada)
  • High-end independent dealers and regional lumberyards (in Canada)
  • Directly to contractors and consumers (in Canada)

Siding Segment

Their Siding segment offers a broad suite of exterior cladding, fencing and stone products.

These also include other accessories products for the residential new construction and residential repair and remodel end markets.

Their products further cover stone installation sold directly to builders and general contractors.

In addition, the breadth of their product offering includes:

  • Wholesale and specialty distributors
  • Retail home centers
  • Manufactured housing producers
  • Homebuilders and contractors

Commercial Segment

In their commercial segment, they design, engineer, manufacture, and distribute extensive lines of metal products.

This is for the low-rise non-residential construction market under multiple brand names. So they operate through a nationwide network of manufacturing plants and distribution centers. Their offering also covers low-rise non-residential.

These, however, are generally defined as building applications of up to five stories, typically lag housing cycles by 18 to 24 months.

Their main products in this segment include:

  • Metal Building Systems
  • Metal Roofing and Wall Systems
  • Coil Coatings

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Cornerstone brands inc logo comes in a shade of dark blue and lemon green.

So, below you’ll see the Cornerstone brand png logo:

Cornerstone Building Brands Logo

In addition, check out another Cornerstone Brands Inc Logo below:

Cornerstone-Brands-Inc-Logo.

Cornerstone Building Brands Stock

10th August 2022

cornerstone-building-brands-August-10-2022-stock-range

Overall MarketRank

Rating: 1.5 out of 5.
  • The overall market rank is 1.53 out of 5 stars.
  • Also, the construction sector is ranked 99th out of 107 stocks.
  • Finally, in the prefabricated metal buildings industry, it is ranked 1st out of 2 stocks.

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Analyst’s Opinion on Cornerstone Building Brands Stock

Consensus Rating

The Cornerstone Building has been given a consensus rating of Buy. So its average rating score is 2.50. This is, however, based on three buy ratings, three hold ratings, and no sell ratings, according to marketbeat.com.

Cornerstone-Building-Brands-Stock-Forecast

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Cornerstone Building Brands Job Opportunities

There are many job openings now hiring at this company. These jobs range from Receptionist and Production Associate to Account Manager and CRM Business Manager.

But these are not all. There are also many other job openings from time to time.

So you can check out the Cornerstone Building Brands Careers page to find the jobs near me. You can as well contact the company here for more information.

Further, other Cornerstone Building Brands Job Opportunities are:

  • Loading/Warehouse Associate
  • Customer Service Assistant
  • Production Supervisor
  • Operations/Business Intern
  • Driver Assistant
  • Senior Analyst, Time and Attendance
  • Senior FP&A Analyst – Remote /US-Virtual
  • Inventory Tech

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Cornerstone Building Brands Job Careers

If you’re looking forward to Cornerstone Building Brands Job and Careers, visit their Careers page.

FAQs

How many locations does Cornerstone Building Brands have?

Cornerstone Building Brands is a leading manufacturer of exterior building products in North America, with more than 80 locations.

So it is positioned to provide various career opportunities across different functional areas.

When did Cornerstone Building Brands go public?

Cornerstone Building Brands was founded in 1984 as NCI Building Systems. However, on November 16, 2018, two companies merged to form Cornerstone Building Brands, Inc. These companies are NCI Building Systems, Inc. and Ply GemParent, LLC.

So they announced publicly in April 2019 that it would officially operate as Cornerstone Building Brands, with a headquarter in Cary, North Carolina.

Who owns NCI?

NCI is now Cornerstone Building Brands due to the merger with Ply Gem Parent, LLC.

Who owns Cornerstone building products?

In March 2022, Cornerstone Building Brands agreed to be taken private in an acquisition by private equity firm Clayton, Dubilier & Rice (CD&R). So, CD&R owns 49 percent of Cornerstone and has agreed to purchase the remaining shares in a deal valued at $5.8 billion.

Who is the CEO of Cornerstone Building Brands?

As of August 2022, the CEO of Cornerstone Building Brands is Rose Lee. She joined over 2,000 other CEOs in pledging to advance diversity & inclusion in the workplace.

Does Cornerstone Building Brands own Ply Gem?

Ply Gem, NCI is renamed Cornerstone Building Brands

and Ply Gem Parent LLC, which merged in 2018 to become the largest manufacturer of exterior building products in North America, currently operates as Cornerstone Building Brands.

Conclusion

And there you have it! All about Cornerstone Brands. Have you had any experience with this company? If yes, then tell us in the comment section.

References

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