MUELLER INDUSTRIES INC acquires Tecumseh Products Company
The deal at a glance
MUELLER INDUSTRIES INC acquired Tecumseh Products Company for $5.00 per share cash tender offer (acquired through a 50/50 joint venture, MA Industrial JV LLC, with affiliates of Atlas Holdings), a transaction completed in November 2015, structured as all cash. The deal was a Merger (joint-venture tender offer).
Tecumseh Products Company operates in Joint venture (Atlas Holdings), is based in Michigan, United States. MA Industrial JV LLC, in which Mueller's subsidiary DENO Investment Co. II owns a 50% interest (with the remaining 50% owned by affiliates of Atlas Holdings), agreed to acquire Tecumseh Products Company, a Michigan corporation, through a cash tender offer at $5.00 per share followed by a merger.
Take-private of a global compressor manufacturer via a 50/50 partnership with Atlas Holdings. Held through MA Industrial JV LLC (50% Mueller / 50% Atlas Holdings) as an unconsolidated affiliate (Tecumseh Products Holdings LLC)
No advisory firms have been disclosed for this transaction.