Mueller Industries To Acquire Nehring Electrical Works Company For $575M Plus $25M Earn Out

benzinga_article
2024.04.22 11:04
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Mueller Industries, Inc. has entered into a definitive agreement to acquire Nehring Electrical Works Company for $575 million plus an additional $25 million earn out. Nehring, a trusted supplier in the utility, telecommunication, and electrical distribution markets, had approximately $400 million in net sales for the twelve months ended December 31, 2023.