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
"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.