MUELLER INDUSTRIES INC acquired Howell Metal Company for $58.5 million in cash, a transaction completed in October 2013, structured as all cash.
Howell Metal Company operates in Piping Systems, is based in United States. Howell Metal Company manufactures copper tube and line sets sold into the U.S. distribution channel. Mueller purchased the business from Commercial Metals Company, and it was folded into the Plumbing and Refrigeration segment where it complemented Mueller's existing copper tube and line-set operations.
Copper tube business carved out of Commercial Metals Company. Acquired by Mueller Copper Tube Products, Inc. subsidiary (Piping Systems)
On October 17, 2013, Mueller Copper Tube Products, Inc. (the Buyer), a wholly owned subsidiary of Mueller Industries, Inc., entered into a Stock Purchase Agreement with Commercial Metals Company (the Seller) and Howell Metal Company (Howell) providing for the purchase by the Buyer and the sale by the Seller of all of the outstanding capital stock of Howell. The closing of the transaction occurred on October 17, 2013. The aggregate consideration paid by the Buyer to the Seller for the Shares was $58.5 million in cash.Mueller Industries Form 8-K, October 17, 2013
Advisory firms were not disclosed for this transaction.