Edgeview Partners is pleased to announce the sale of the operations of Tallant Industries, a leading manufacturer of corrugated asphalt roofing and corrugated thermoplastic building panels, to OFIC North America Inc. (OFIC NA), a wholly owned subsidiary of Onduline s.a. (Onduline).  

In the transaction, OFIC NA acquired substantially all of the assets of Tallant Industries, Inc. and Vallant Corp., which comprise the operations of Tallant Industries.  Details of the transaction, which closed on Thursday, September 30, were not disclosed.  Edgeview Partners was retained as the exclusive financial advisor to Tallant Industries and its owner John Adair.

Tallant Industries, headquartered in Fredericksburg, Virginia, is a leading manufacturer of two specialty building products, corrugated asphalt roofing and corrugated thermoplastic building panels, which are used in a diverse range of applications in residential, light-commercial and agricultural end markets.  Tallant Industries sells its corrugated asphalt roofing products, which are produced with recycled cellulose fiber and asphalt, under the Ondura brand.  The Company sells its polycarbonate and vinyl building panels under the Tuftex brand.  Tallant Industries’ lightweight, durable and versatile products are sold through home center retail stores, hardware buying cooperatives and building material distributors.

Commenting on Edgeview’s role in the transaction, John Adair stated, “Edgeview was instrumental in helping me achieve an attractive liquidity event and sell my business to the ideal partner for Tallant.  They provided sound advice and superbly represented my interests throughout every step of the process.  Their expertise in building products, professionalism and the resources they devoted to this transaction provided invaluable leverage to my management team.  I could not be more pleased with the service Edgeview delivered and the outcome they helped me achieve.”

Onduline s.a. (www.onduline.com), headquartered in Paris, France, is the world’s leading designer, manufacturer and marketer of lightweight roofing materials, including cellulose-bitumen roofing panels and tiles, bitumen-fiberglass shingles, transparent and translucent roofing panels and bitumen roofing membranes.   Onduline operates 10 production facilities throughout the world and sells its products in more than 100 countries.  Two French private equity firms, Abénex Capital and Astorg Partners, are investors in Onduline. 

Edgeview’s building products and construction industry group is led by David Patterson.

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