Mueller Industries, Inc. Completes Acquisition of Nehring Electrical Works Company
May 28 2024 - 4:00PM
Business Wire
Mueller Industries, Inc. (NYSE: MLI) today announced that it has
completed its acquisition of Nehring Electrical Works Company and
certain of its affiliated companies (collectively, “Nehring”).
Founded in 1912 and headquartered in DeKalb, Illinois, Nehring
produces high-quality wire and cable solutions for the utility,
telecommunication, electrical distribution, and OEM markets. The
acquisition of Nehring provides a substantial platform for
long-term growth in the electrical and power infrastructure space,
and complements the other critical infrastructure sectors already
supported by Mueller.
This transaction aligns with Mueller’s acquisition strategy to
target high-quality businesses with leading market positions,
attractive margin and cash flow profiles and strong management
teams. The current Nehring team, including management, will remain
in place.
Mueller Industries, Inc. (NYSE: MLI) is an industrial
corporation whose holdings manufacture vital goods for important
markets such as air, water, oil and gas distribution; climate
comfort; food preservation; energy transmission; medical; aerospace
and automotive. It includes a network of companies and brands
throughout North America, Europe, Asia, and the Middle East.
Statements in this release that are not strictly historical may
be “forward-looking” statements, which involve risks and
uncertainties. These include the risks relating to our ability to
successfully realize the anticipated benefits of the transaction,
economic and currency conditions, continued availability of raw
materials and energy, market demand, pricing, competitive and
technological factors, and the availability of financing, among
others, as set forth in the Company’s SEC filings. The words
“outlook,” “estimate,” “project,” “intend,” “expect,” “believe,”
“target,” “encourage,” “anticipate,” “appear,” and similar
expressions are intended to identify forward-looking statements.
The reader should not place undue reliance on forward-looking
statements, which speak only as of the date of this report. The
Company has no obligation to publicly update or revise any
forward-looking statements to reflect events after the date of this
report.
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version on businesswire.com: https://www.businesswire.com/news/home/20240528208730/en/
Jeffrey A. Martin (901) 753-3226
Mueller Industries (NYSE:MLI)
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