MUELLER INDUSTRIES INC acquires H&C Flex (Hart & Cooley flexible duct business)
The deal at a glance
MUELLER INDUSTRIES INC acquired H&C Flex (Hart & Cooley flexible duct business) for approximately $15.3 million; $14.0 million cash at closing plus $1.3 million contingent consideration, a transaction completed in January 2021, structured as all cash. The deal was a Asset purchase.
H&C Flex (Hart & Cooley flexible duct business) operates in Climate (Flex Duct), is based in United States. The Hart & Cooley flexible duct business, including inventory, manufacturing equipment, and related assets, manufactures insulated HVAC flexible duct systems. Treated as a business combination and reported as H&C Flex.
The acquisition expands the Company's footprint in the air quality and climate control systems market and complements the existing flexible duct business within the Climate segment.
Expands footprint in air quality and climate control; complements the existing flexible duct business. Climate segment (Flex Duct, alongside ATCO)
No advisory firms have been disclosed for this transaction.