News Release
January 07, 2019
Croft & Bender Serves as Financial Advisor to Lexington Manufacturing in its Sale to Watkins Associated Industries
has been acquired by
Lexington Manufacturing is a leading provider of engineered components to window and door OEMs in the United States and internationally.
Lexington Manufacturing
- Industry Industrial
- Type M&A Sell-Side
About
Headquartered in Coon Rapids, Minnesota, Lexington is a leading provider of engineered components to window and door original equipment manufacturers in the United States and internationally. The Company’s products are comprised of a variety of materials, including hardwoods, softwoods, aluminum, plastics, MDF, particleboard and other panel products.
Situation
Croft & Bender was engaged to help the Company evaluate strategic alternatives, including a majority recapitalization or strategic sale of the business. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process and negotiate with buyers.
Result
Croft & Bender successfully negotiated the sale of the Company to Watkins Associated Industries.