CHICAGO Valmont Industries Inc. has acquired Australian company Locker Group Holdings Pty. Ltd., its third purchase in recent months.
The Omaha, Neb.-based coil coater, tubing producer and manufacturer of metal-intensive utility structures expects the acquisition to contribute to its 2013 earnings. The terms of the deal were not disclosed.
Locker, which makes perforated and expanded metal, industrial flooring and handrails for nonresidential construction applications, as well as screening media for industrial and mining applications, has annual sales of about $80 million from its operations in Australia and New Zealand.
"The acquisition of Locker Group enhances Valmonts position in the access systems market while further adding complementary exposure in the perforated and expanded metal products markets," Vik Bansal, group president of Valmonts global engineered infrastructure products segment, said in a statement.
Last month, Valmont purchased the assets of Mississauga, Ontario-based Pure Metal Galvanizing Inc., which operates five coating lines at three sites in Ontario generating annual sales of about Canadian $34 million. The terms of that deal were not disclosed.
In November, Valmont bought the manufacturing assets of Katana Summit LLC, including a 300,000-square-foot manufacturing plant in Columbus, Neb., that Valmont is retooling so it can make steel transmission structures for the utility industry (amm.com, Nov. 20). The terms of the acquisition were not disclosed.