Phillips Manufacturing Co. (Phillips) was acquired by USG Corporation (USG), an industry-leading manufacturer of building products and accessories.
The Industrials Investment Banking practice of Kroll served as the exclusive financial advisor to Phillips in connection with the transaction.
Phillips is a manufacturer and distributor of drywall, stucco and roofing products including beads, trims, channels and framing components, lath and stucco accessories, roofing metals and siding accessories. Headquartered in Omaha, NE, Phillips has four manufacturing and four distribution locations strategically located across the United States to provide national coverage. Phillips is the only manufacturer in the country that produces vinyl, metal and paper bead drywall accessories all under one roof.
Koley Jessen P.C., L.L.O. served as legal counsel to Phillips in connection with the transaction.
USG Corporation is an industry-leading manufacturer of building products and accessories. Headquartered in Chicago, IL, USG serves the residential and commercial construction markets around the world with wall, ceiling, flooring, sheathing and roofing products. USG’s network of facilities include 49 manufacturing locations and 6,900 employees across North America. USG’s history of innovation is one that includes more than 1,100 patented industry leading products.
Levenfeld Pearlstein, LLC served as legal counsel to USG in connection with the transaction.
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