BRIEF-Apogee Enterprises To Acquire Kalwall Companies For Up To $115 Million

Apogee Enterprises, Inc.

Apogee Enterprises, Inc.

APOG

0.00

May 28 (Reuters) - Apogee Enterprises Inc APOG.O:

  • TO ACQUIRE KALWALL COMPANIES

  • ENTERS AGREEMENT TO BUY KALWALL FOR UP TO $115 MILLION

  • EXPECTS $4 MILLION OPERATIONAL AND COST SYNERGIES BY END OF FISCAL 2029

  • DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED DILUTED EPS IN FIRST YEAR

  • ACQUISITION TO BE FINANCED WITH CASH ON HAND AND EXISTING CREDIT FACILITY

  • ACQUISITION EXPECTED TO CONTRIBUTE $85 MILLION OF REVENUE, ADJUSTED EBITDA MARGIN OF ABOUT 15% WITHIN FIRST 12 MONTHS

Source text: ID:nBw291BBSa

Further company coverage: APOG.O


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