Cornerstone To Divest Metal Panels Business

Cornerstone Building Brands, Inc. plans to sell its Insulated Metal Panels (IMP) business to Nucor Insulated Panel Group Inc. and certain of its subsidiaries. The transaction includes products sold under the Metl-Span and CENTRIA brands. The IMP business is a manufacturer of insulated metal panels, a lightweight cladding solution servicing all sub-sectors within the non-residential end markets throughout North America. Cornerstone will sell seven manufacturing facilities, three offices, and a product innovation centre, all located in North America.