Headwaters, a building products company, closed its acquisition of Krestmark Industries for a purchase price of $240 million, subject to certain adjustments pursuant to the terms of an asset purchase agreement executed by the parties on August 1, 2016.

Headquartered in Dallas, Krestmark is a manufacturer of vinyl windows in the U.S. The acquisition is a natural extension of Headwaters’ focus on supplying customers and homeowners with products for the exterior of the home.

“We anticipate strong growth for Krestmark in 2017 that should drive additional revenue to Headwaters’ top line,” said Kirk A. Benson, chairman and CEO of South Jordan, UT-based Headwaters. “Along with additional revenue, the transaction should result in an expansion of our Adjusted EBITDA margins, strengthening our position as a top quartile building products company.”

“Krestmark is excited to join the Headwaters’ team and continue our strong track record of growth,” said William E. Robinson, Jr., president of Krestmark Industries.

According to a related 8-K filing, Deutsche Bank has committed to financing a senior secured term loan in the aggregate principal amount of $350 million to support the Krestmark acquisition and to redeem all of Headwaters’ outstanding 7-1/4% senior notes due 2019. All terms of the incremental term loan are substantially identical to the existing and outstanding term loans, including its maturity date of March 24, 2022.