Benefits are good, pay is average considering the area. If you take care of the machines, the machines will take care of you and your family. Lastly, a good maintenance team will do wonders. It just sucks that what they have as far as equipment is outdated and in need of repair/replacement. Management honestly does their best with what they have. Working machines was another issue just before I left and you can see how much that bogged down certain processes in the plan creating a bottleneck affect in departments which in turn affects production hours. Also, hours are based on what sales can bring in so don't be surprised if your hours are cut in the fall/winter. Night shift is a bit cooler but it's still hot when you come in just before 5pm and leave at around 3am. It's not easy because you are performing a routine task just about everyday in a hot and humid environment for at least 6 months of the year working at least 10 hours a day wearing a lot of PPE. You get what you put in and it's not easy. Citi acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS and its affiliates.It's a tough job but rewarding nonetheless. Morgan Securities LLC acted as financial advisors to CRH plc. We are very excited about OBE’s future opportunities and we have found a great partner in KPS to capture them.”īofA Securities and J.P. We intend to expand our capabilities as a customer-oriented solutions provider in architectural hardware, glass and glazing markets. KPS’ experience with manufacturing businesses and the significant capital resources available will allow us to invest in our commercial and operational growth strategy. We will continue to build on our industry-leading reputation for quality, reliability and product innovation. KPS has an exemplary track record of investing in and improving manufacturing businesses, and we are exceedingly confident that they are the right partner to help us execute on our strategic plan. Liz Haggerty said, “The entire OBE management team looks forward to partnering with KPS as the Company begins its journey as an independent company. We look forward to partnering with OBE’s talented employees and management team under the leadership of President and Chief Executive Officer Liz Haggerty to accelerate the Company’s value creation opportunities.” OBE has demonstrated a strong ability to integrate synergistic acquisitions over the past several decades and we will provide strategic support and capital in pursuit of future growth opportunities. We will leverage KPS’ decades of manufacturing expertise to create an entrepreneurial culture centered on innovation, continuous improvement and excellent customer experience. We intend to drive profitable growth by providing the Company with the financial resources to invest in commercial and operational excellence. OBE is the only ‘one-stop shop’ for every critical product a glazing industry customer needs, and the Company serves attractive, growing end-markets. Raquel Vargas Palmer, Co-Managing Partner of KPS, said, “We are thrilled to acquire North America’s largest provider of architectural hardware, glass and glazing systems. The Company has over 6,700 employees and operates 84 manufacturing and distribution facilities in five countries. OBE delivers products to a broad customer base of architects, glaziers, contractors and developers serving diversified residential and commercial construction end-markets. Laurence, distributes complementary branded hardware and glazing supplies. The Company manufactures high-performance architectural glass products and aluminum framing systems and, through its subsidiary C.R. Headquartered in Dallas, Texas, OBE is a world-class building products company with significant presence in every major metropolitan statistical area in the United States and Canada. OBE is North America’s leading vertically-integrated manufacturer, fabricator and distributor of architectural hardware, glass and glazing systems. Completion of the transaction is expected in mid-2022 and is subject to customary closing conditions and approvals.
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