Ares, Ontario Teachers to buy building products maker CPG

(Reuters) – Ares Management LLC and Ontario Teachers Pension Plan said on Monday they would buy building-products maker CPG International Inc, betting on a long-awaited recovery for an industry that has lagged the rebound in the broader U.S. housing market. Building-products makers such CPG, currently owned by private equity firm AEA Investors LP, have not seen the same growth as U.S. homebuilders in the past two years as they have faced labor shortages and a lack of financing options. …
Education News Headlines – Yahoo! News

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