M&A - Quanex Building Products CORP

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000091957425003646

Filing Summary: On June 18, 2025, Teleios Capital Partners GmbH, along with its affiliates, reported beneficial ownership of 4,621,879 shares of Quanex Building Products Corporation, representing approximately 10.1% of the total shares outstanding. The shares were acquired in relation to the Issuer's recent acquisition of Tyman plc, a significant move aimed at enhancing shareholder value. As part of their investment strategy, Teleios and its associates expressed intentions to engage further with the Issuer's management on capital allocation, governance, and strategic matters. The acquisition led to the Reporting Persons receiving voting securities from their prior holdings in Tyman. They currently do not have plans to engage in further material transactions related to their ownership. A board observer seat has been secured by the Reporting Persons as part of their engagement with the management of Quanex, aimed at aligning interests. Additionally, updates include the removal of certain individuals as Reporting Persons to reflect current management structure.