MUELLER INDUSTRIES INC acquires Jungwoo Metal Ind. Co., Ltd (60% interest)
The deal at a glance
MUELLER INDUSTRIES INC acquired Jungwoo Metal Ind. Co., Ltd (60% interest) for NULL (60 percent equity interest), a transaction completed in March 2016. The deal was a Majority stake.
Jungwoo Metal Ind. Co., Ltd (60% interest) operates in Piping Systems (Jungwoo-Mueller), is based in Seoul, South Korea. Jungwoo is a manufacturer of copper-based pipe joining products, headquartered in Seoul, South Korea, and serving markets worldwide. Mueller acquired a 60 percent equity interest.
This transaction complements our core copper business by expanding our product offerings and geographic reach for piping systems products.
World-class copper-based pipe joining manufacturer with a long-standing relationship with Mueller and worldwide markets. Expands product offerings and geographic reach for piping systems products. Piping Systems segment (Jungwoo-Mueller joint venture)
No advisory firms have been disclosed for this transaction.