Simpson Manufacturing Co., Inc. Announces The Acquisition Of Furfix
Products Limited And Easy Arches Limited
Pleasanton, CA -- A subsidiary of Simpson Manufacturing Co., Inc.
(the "Company") this week completed the purchase of Furfix
Products Limited and Easy Arches Limited (together "Furfix"),
which manufactures a line of structural connectors for the wood
and masonry construction markets in the United Kingdom and Europe.
The acquisition price is approximately $8.0 million in cash plus
an earnout based on future operating performance. The Company plans
to integrate the Furfix operation into its Tamworth, England, location.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton,
California, through its subsidiary, Simpson Strong-Tie Company
Inc., designs, engineers and is a leading manufacturer of wood-to-wood,
wood-to-concrete and wood-to-masonry connectors, and through its
subsidiary, Simpson Dura-Vent Company, Inc., designs, engineers
and manufactures venting systems for gas and wood burning appliances.
The Company's common stock trades on the New York Stock Exchange
under the symbol "SSD".
For further information, contact Barclay Simpson at (925) 738-9032.