Simpson Manufacturing Co., Inc. Announces the Acquisition of the Assets of The Liebig Companies
April 16 2008 - 4:25PM
PR Newswire (US)
PLEASANTON, Calif., April 16 /PRNewswire-FirstCall/ -- Simpson
Manufacturing Co., Inc. (the "Company") announced that its newly
formed subsidiary, Simpson Strong-Tie Ireland Limited, today
purchased certain assets of Liebig International Ltd., an Irish
company, Heinrich Liebig Stahldubelwerke GmbH, Liebig GmbH &
Co. KG and Liebig International Verwaltungsgesellschaft mbH, all
German companies, Liebig Bolts Limited, an English company, and
Liebig International Inc., a U.S. Company (collectively "Liebig").
Liebig manufactures mechanical anchor products in Ireland and
distributes them primarily throughout Europe through warehouses
located in Germany and in the United Kingdom. The purchase price
(subject to post-closing adjustment) was $18.3 million in cash.
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
fastening systems, stainless steel fasteners and pre-fabricated
shearwalls. Simpson Strong-Tie also offers a full line of
adhesives, mechanical anchors and powder actuated tools for
concrete, masonry and steel. The Company's other 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) 560-9032. DATASOURCE: Simpson Manufacturing Co.,
Inc. CONTACT: Barclay Simpson of Simpson Manufacturing Co., Inc.,
+1-925-560-9032 Web site: http://www.simpsonmfg.com/
Copyright