MUELLER INDUSTRIES INC acquired Die-Mold Tool Limited for approximately $13.6 million (net of working capital adjustments); $12.4 million cash at closing plus up to $2.3 million contingent consideration, a transaction completed in March 2018, structured as all cash.
Die-Mold Tool Limited operates in Piping Systems, is based in Ontario, Canada. Die-Mold, based out of Ontario, Canada, is a manufacturer of PEX and other plumbing-related fittings and plastic injection tooling, selling these products in Canada and the U.S.
The acquisition complements the Company's existing businesses in the Piping Systems segment.
PEX fittings and plastic injection tooling capability serving Canada and the U.S. Piping Systems segment
On March 28, 2018, the Company entered into a share purchase agreement pursuant to which the Company acquired all of the outstanding shares of Die-Mold Tool Limited (Die-Mold) for approximately $13.6 million, net of working capital adjustments. The total purchase price consisted of $12.4 million in cash at closing and a contingent consideration arrangement which requires the Company to pay the former owner up to $2.3 million based on EBITDA growth.Mueller Industries FY2018 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.