MUELLER INDUSTRIES INC acquired Extruded Metals, Inc. for $32.0 million in cash (plus assumption of approximately $10.1 million of bank debt), a transaction completed in February 2007, structured as all cash.
Extruded Metals, Inc. operates in Industrial Metals (Brass Rod), is based in United States (Delaware corporation). Mueller Industries acquired all the outstanding capital stock of Extruded Metals, Inc., a Delaware corporation, from TBG Holdings N.V. and N.V. Hollandsch-Amerikaansche Beleggingsmaatschappij Holland-American Investment Corporation.
Adds brass rod / extruded brass capacity to Mueller's industrial metals platform. Industrial Metals (Brass Rod)
On February 27, 2007, Mueller Industries, Inc. (the Company) entered into a Stock Purchase Agreement with TBG Holdings N.V. and N.V. Hollandsch-Amerikaansche Beleggingsmaatschappij Holland-American Investment Corporation (collectively, the Sellers) providing for the purchase by the Company and the sale by the Sellers of all the outstanding capital stock of Extruded Metals, Inc. The closing of the transaction occurred on February 27, 2007. The aggregate consideration paid by the Company to the Sellers for the Shares was $32.0 million in cash. In connection with the transaction, the Company assumed approximately $10.1 million of Extruded's bank debt.Mueller Industries Form 8-K, March 5, 2007
Advisory firms were not disclosed for this transaction.