MUELLER INDUSTRIES INC acquired Jungwoo Metal Ind. Co., Ltd (60% interest) for NULL (60 percent equity interest), a transaction completed in March 2016. The deal was a Majority stake.
Jungwoo Metal Ind. Co., Ltd (60% interest) operates in Piping Systems (Jungwoo-Mueller), is based in Seoul, South Korea. Jungwoo is a manufacturer of copper-based pipe joining products, headquartered in Seoul, South Korea, and serving markets worldwide. Mueller acquired a 60 percent equity interest.
This transaction complements our core copper business by expanding our product offerings and geographic reach for piping systems products.
World-class copper-based pipe joining manufacturer with a long-standing relationship with Mueller and worldwide markets. Expands product offerings and geographic reach for piping systems products. Piping Systems segment (Jungwoo-Mueller joint venture)
We are excited about joining forces with Jungwoo. They are a world-class company with whom we have had a long and valuable relationship. This transaction complements our core copper business by expanding our product offerings and geographic reach for piping systems products.Greg Christopher, Chairman and CEO, Mueller Industries
Advisory firms were not disclosed for this transaction.