Mueller Water Products sells U.S. Pipe
Apr 06, 2012 | 01:26 PM
| Michael Cowden
Tags
Mueller Water Products,
U.S. Pipe,
Wynnchurch Capital,
acquisitions,
Accuride,
Fabco,
Advanced Materials,
Michael Cowden
TORONTO — Mueller Water Products Inc. has sold its U.S. Pipe & Foundry Co. LLC and Fast Fabrications LLC businesses to private equity firm Wynnchurch Capital Ltd.
Wynnchurch acquired the assets for $89.8 million in cash plus $4.2 million for estimated net working capital and other expenses, Wynnchurch and Mueller said in a joint statement. Chicago-based Wynnchurch also has agreed to reimburse Mueller for an estimated $10.2 million in liabilities.....
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