Quanex Building Products (NX) has acquired Tyman plc (TYMN) for $1.1 billion in a cash and stock deal. The transaction is expected to diversify Quanex’s revenue stream and product line, and generate significant cost savings of approximately $30 million annually. Despite some weakness in Quanex’s recent performance, the combined entity is expected to have an attractive valuation and growth prospects in the homebuilding market.