January 07, 2019
Croft & Bender Serves as Financial Advisor to Lexington Manufacturing in its Sale to Watkins Associated Industries
Croft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful sale of its client, Lexington Manufacturing, Inc. (“Lexington” or the “Company”), to Watkins Associated Industries (“Watkins”).
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.
Croft & Bender served as the exclusive financial advisor to Lexington on the transaction. "We greatly appreciate the partnership we developed with Croft & Bender over the past several years. Their experience and guidance proved to be extremely valuable both in preparing for the transaction and in ensuring an exceptional outcome during the transaction process," said Lexington CEO, Bob Dimke. “We are extremely excited to be partnering with Watkins, a family-owned Company with consistent values to those of Lexington, and believe the combination will provide a great future for our employees and customers,” added Vice President, John Dimke.
“It was a great pleasure working with Bob Dimke, John Dimke, Mike Dillon and the rest of the Lexington team on this transaction,” commented Neale Fisher, Managing Director at Croft & Bender. “The Company has a long and proud history of meeting and exceeding the exacting standards of leading window and door OEMs. We are excited to see that tradition continue in partnership with Watkins.”