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Valmont announces acquisition of Locker Group holdings

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.