Valmont Industries, Inc. acquired the assets of Pure Metal Galvanizing, Inc.
January 02, 2013 at 11:00 pm
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Valmont Industries, Inc. (NYSE:VMI) acquired the assets of Pure Metal Galvanizing, Inc. for CAD 48.9 million ($49.6 million) on December 19, 2012.Valmont acquired Pure Metal Galvanizing for CAD 45.12 ($45.69 million) in cash, net of cash acquired, plus assumed liabilities. In addition, the purchase price includes contingent consideration with a fair value of CAD 3.83 million ($3.88 million) to be paid at the end of five years if certain earnings objectives are met over the period. Pure Metal reported annual sales of CAD 34 million. Valmont Industries expects the acquisition to be slightly accretive to 2013 earnings. The conversion was made through www.oanda.com as on January 3, 2013.
Valmont Industries, Inc. (NYSE:VMI) completed the acquisition of the assets of Pure Metal Galvanizing, Inc. on December 19, 2012.
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.
VALMONT INDUSTRIES, INC. 
