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Apogee Enterprises to use expanded credit facility to fund acquisition
By Angela McDaniels
Tacoma, Wash., May 1 – Apogee Enterprises, Inc. will fund its planned acquisition of EFCO Corp. with its recently expanded credit facility and cash, according to a company news release.
The company agreed to acquire EFCO from Pella Corp. for about $195 million.
Minneapolis-based Apogee provides value-added glass products and services. EFCO makes architectural aluminum window, curtainwall, storefront and entrance systems for commercial construction projects and is based in Monett, Mo.
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