Genstar Capital buying International Aluminum for $228M

Private equity firm Genstar Capital LLC agreed to buy International Aluminum Corp. for $228 million in cash.

Monterey Park-based International Aluminum's shareholders will get $53 per share in the deal. The company, founded in 1957, has about 1,600 workers.

Genstar is based in San Francisco.

International Aluminum makes aluminum materials used in home and commercial construction. It makes doors and windows as well as curtain walls and store fronts. The company reported sales of $280 million in the year ended June 30, 2006.