Valmont Industries, Inc. acquired Larson Camouflage, LLC.
January 02, 2019
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Valmont Industries, Inc. (NYSE:VMI) acquired Larson Camouflage, LLC on January December 31, 2018. The transaction was funded with cash on hand. Post completion of the acquisition, Larson Camouflage will be included in ESS segment. Valmont Industries, Inc. expects that fiscal 2019 revenue from the acquisition will range between $18 million and $22 million, and expects earnings per share accretion of approximately $0.07.
Valmont Industries, Inc. (NYSE:VMI) completed the acquisition of Larson Camouflage, LLC for $34.6 million on December 31, 2018. Under the terms of agreement, Valmont Industries paid $31.1 million cash along with 10% being held back for seller representations and warranties and will be settled within 12 months of the acquisition date.
Valmont Industries, Inc. is a manufacturer of products and services for infrastructure and agricultural markets. The Company operates through two segments: Infrastructure and Agriculture. The Infrastructure segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, solar, lighting, transportation, and telecommunications, along with coatings services to protect metal products. Its Infrastructure segment is comprised of five primary product lines: Transmission, Distribution, and Substation (TD&S); Lighting and Transportation (L&T); Coatings; Telecommunications, and Solar. The Agriculture segment consists of the manufacture of center pivot components and linear irrigation equipment for agricultural markets, including parts and tubular products, and advanced technology solutions for precision agriculture. It manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name.
VALMONT INDUSTRIES, INC. 
