PLEASANTON, Calif.,
Dec. 20, 2011 /PRNewswire/
-- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD)
announced today that its subsidiary, Simpson Strong-Tie Company
Inc., entered into an agreement to acquire substantially all of the
assets of Automatic Stamping, LLC, a North Carolina limited liability company and
Automatic Stamping Auxiliary Services, LLC, a North Carolina limited liability company
(collectively "Automatic Stamping"), and certain real property and
improvements owned by TIMMCO, INC., a North Carolina corporation, for an aggregate
of $41.4 million plus the value at
closing of inventory and accounts receivable. Automatic Stamping
manufactures and sells a line of high quality truss connector
plates primarily in the United
States. The transaction is expected to close in December 2011 or January
2012.
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
common stock trades on the New York Stock Exchange under the symbol
"SSD."
For further information, contact Barclay
Simpson at (925) 560-9032.
SOURCE Simpson Manufacturing Co., Inc.