Private equity firm Hellman & Friedman LLC is planning to an IPO for Associated Materials after acquiring it for US$1.3 billion in 2010. Two people familiar with the matter announced Friday.
Associated Materials manufacture products like aluminum and vinyl. The company is also a maker of vinyl fencing under brands including Gentek and Alpine Windows. Previously, it was owned by Investcorp and Harvest Partners.
Same sources who asked not be named as the plan is not public, said that the private equity firm is set to interview banks next week to choose underwriters to handle the proposed offering.
Hellman & Friedman spokesperson did not give any comment.
In 2012, Associated Materials had net sales of US$1.1 billion flat from the previous year.
HD Supply Holdings Inc. also stated this week a plan to raise over US$1 billion in an initial public offering. Other firms associated to the housing market include William Lyon Homes, Tri Pointe Homes Inc. and Taylor Morrison Home Corp.
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