MUELLER INDUSTRIES INC acquired ATCO Rubber Products, Inc. for approximately $162.8 million in cash, a transaction completed in July 2018, structured as all cash.
ATCO Rubber Products, Inc. operates in Climate (Flex Duct), is based in United States (Stock Purchase Agreement with Ramesh Bhatia and affiliated trusts), had revenue of about approximately $166 million (FY ended December 31, 2017). ATCO is an industry leader in the manufacturing and distribution of insulated HVAC flexible duct systems. ATCO had revenues of approximately $166 million with 800 employees in its fiscal year ending December 31, 2017.
ATCO will support the Company's strategy to grow its Climate Products businesses to become a more valuable resource to its HVAC customers.
Industry leader in insulated HVAC flexible duct with 800 employees and an established customer base. Grows Climate Products businesses and broadens HVAC customer offering. Climate segment (Flex Duct)
ATCO is an industry leader in the manufacturing and distribution of insulated HVAC flexible duct systems and will support the Company's strategy to grow its Climate Products businesses to become a more valuable resource to its HVAC customers.Mueller Industries press release, July 2, 2018
Advisory firms were not disclosed for this transaction.