Simpson Manufacturing Co., Inc. Announces the Acquisition of Agence Internationale Commerciale et Industrielle
April 02 2009 - 5:00PM
PR Newswire (US)
PLEASANTON, Calif., April 2 /PRNewswire-FirstCall/ -- Simpson
Manufacturing Co., Inc. (the "Company") announced that its French
subsidiary, Simpson Strong-Tie Europe EURL, purchased 100% of the
equity of Agence Internationale Commerciale et Industrielle,
S.A.S., ("Aginco"). Aginco manufactures a line of high quality
builder products and distributes them primarily throughout France.
The purchase price (subject to post-closing adjustment) was $21.9
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/
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