Valmont announced that it has acquired privately-held Locker Group Holdings Pty Ltd., a manufacturer of perforated and expanded metal for the non-residential market, industrial flooring and handrails for the access systems market, and screening media for applications in the industrial and mining sectors. Locker Group has annual sales of approximately $80M and operates five manufacturing locations across the region. After consideration for transaction costs, the company expects the acquisition to be slightly accretive to 2013 earnings.
- Mergers, Acquisitions & Takeovers
- expanded metal