MUELLER INDUSTRIES INC acquired Elkhart Products Corporation for approximately $38.2 million in cash at closing, net of cash acquired and working capital adjustments, a transaction completed in August 2024, structured as all cash.
Elkhart Products Corporation operates in Piping Systems (Domestic Piping Systems Group), is based in Elkhart, Indiana and Fayetteville, Arkansas, United States. Elkhart is a U.S. manufacturer of copper solder fittings with two manufacturing locations in Elkhart, Indiana and Fayetteville, Arkansas.
The business complements the Company's existing business within the Piping Systems segment where the operating results are included in the Domestic Piping Systems Group subsequent to the acquisition date.
Established domestic copper solder fittings manufacturer expanding Mueller's Piping Systems footprint. Domestic Piping Systems Group (Piping Systems segment)
On August 2, 2024, the Company entered into an equity purchase agreement to acquire all of the outstanding shares of Elkhart Products Corporation (Elkhart) for approximately $38.2 million in cash at closing, net of cash acquired and working capital adjustments.Mueller Industries FY2024 10-K, Acquisitions & Dispositions note
Advisory firms were not disclosed for this transaction.