Gibraltar Industries Inc., a prominent manufacturer in the residential, agtech, renewable energy, and infrastructure markets, announced that its Board of Directors has approved a plan to sell its Renewables business. The decision aims to refocus the company's resource allocation on its building products and structures segments, including residential, agtech, and infrastructure. Chairman and CEO Bill Bosway highlighted that this strategic shift is expected to enhance growth, margin expansion, and cash flow performance, thereby driving higher returns. The company has enlisted Perella Weinberg Partners as a financial advisor to assist in this process. Further comments and details will be provided once a sale transaction is entered into or additional disclosure is deemed appropriate.
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