Hmmmm. Big money here.

From NC:

Cary-based building products manufacturer Cornerstone is sold for $5.8 billion

by WRAL TechWire — March 7, 2022

CARY – Cornerstone Building Brands, the largest manufacturer of exterior building products in the U.S. with some 20,000 employees, is being sold in a deal worth nearly $6 billion.

The all-cash deal of $5.8 billion, which includes absorption of Cornerstone debt, was announced early Monday.

The buyer is the international private equity firm Clayton, Dubilier & Rice which already owned nearly half Cornerstone’s (NYSE: CNR) stock.

“We believe this transaction provides substantial value for our shareholders while also accelerating Cornerstone Building Brands’ aspiration to become a premier exterior building solutions company,” said Rose Lee, Cornerstone’s CEO. “We have grown our business and portfolio since 2018 when the Company was created, delivering high-quality exterior building products with a strong focus on being a partner of choice for our customers. CD&R will continue to be an outstanding partner as we advance our operational improvements and innovation-driven growth to create many positive outcomes for our customers and employees.”

Once the deal closes, Cornerstone will become a private company.

https://wraltechwire.com/2022/03/07/cary-based-building-products-manufacturer-cornerstone-is-sold-for-5-8-billion/

More from NC

Amgen to officially break ground on $550 million facility in Holly Springs.

WRAL TechWire

Amgen to officially break ground on $550 million facility in Holly Springs

Amgen plans to open its Holly Springs facility by 2025.

by Matt Talhelm, WRAL reporter — March 7, 2022 .

HOLLY SPRINGS – California-based drugmaker Amgen Inc. is set to officially break ground this afternoon on a new manufacturing facility.

The company is promising to add more than 350 jobs to the Triangle’s biotech industry.

Amgen leadership, Gov. Roy Cooper, U.S. Sen. Thom Tillis and city of Holly Springs leaders are set to attend the ceremonial groundbreaking ceremony at 2 p.m. ET.

The plan is to build a 350,000-square-foot manufacturing facility valued at $550 million.

Amgen says the facility will employ 355 people from 2025 through 2029 at an average salary of $119,510.

Inside, Amgen will produce medicines in six therapeutic areas, including cardiovascular disease, oncology, bone health, neuroscience, nephrology and inflammation.

In August 2021, Amgen announced the decision to build its Holly Springs facility.

“World-class companies like Amgen are very selective when they evaluate business locations and they only choose places that provide the best support for their operations,” Cooper said in the August news release. “Today’s decision proves once again that North Carolina remains a premier location for the most innovative biotech companies in the industry.”

Amgen employs more than 24,000 worldwide.

https://wraltechwire.com/2022/03/07/amgen-to-officially-break-ground-on-550-million-facility-in-holly-springs/