MUELLER INDUSTRIES INC acquired Howell Metal Company for $58.5 million in cash, a transaction completed in October 2013, structured as all cash.
Howell Metal Company operates in Piping Systems, is based in United States. Mueller Copper Tube Products, Inc., a wholly owned subsidiary of Mueller Industries, acquired all of the outstanding capital stock of Howell Metal Company from Commercial Metals Company.
Copper tube business carved out of Commercial Metals Company. Acquired by Mueller Copper Tube Products, Inc. subsidiary (Piping Systems)
On October 17, 2013, Mueller Copper Tube Products, Inc. (the Buyer), a wholly owned subsidiary of Mueller Industries, Inc., entered into a Stock Purchase Agreement with Commercial Metals Company (the Seller) and Howell Metal Company (Howell) providing for the purchase by the Buyer and the sale by the Seller of all of the outstanding capital stock of Howell. The closing of the transaction occurred on October 17, 2013. The aggregate consideration paid by the Buyer to the Seller for the Shares was $58.5 million in cash.Mueller Industries Form 8-K, October 17, 2013
Advisory firms were not disclosed for this transaction.