SIMPSON MANUFACTURING CO., INC. ANNOUNCES REPURCHASE OF 342,300 SHARES OF ITS COMMON STOCK
Pleasanton, CA -- Simpson Manufacturing Co., Inc. (the "Company") announced today that it has purchased
342,300 shares of its Common Stock, for average price of $28.70 per share, since late May. The total spent was approximately $9.8 million and was part of the $50.0 million that the Company's Board of Directors authorized in
February 2013 for repurchases of Common Stock. Although the Company does not have any specific plan to repurchase additional shares, the authorization will remain open for the remainder of the year.
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 construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."
For further information, contact Tom Fitzmyers at (925) 560-9030.
Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc. designs, engineers and manufactures structural solutions for wood, concrete, and steel connections. Its wood construction products include connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products. Its wood construction products are used in light-frame building applications. Its concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, fiber reinforced materials and other repair products used for protection and strengthening structures. Its concrete construction products are used in concrete, masonry and steel construction. It markets its products to the residential construction, light industrial and commercial construction, remodeling and do-it-yourself markets. It also operates as designer and manufacturer and distributor of fixing and fastening solutions for the European building and construction market.