StellaJones Expands its Utility Product Offering with an Agreement to Acquire Brooks Manufacturing Co.

News Source : Financial Post

News Summary

Stella-Jones Inc. (TSX: SJ) announced today that it has entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co. (“Brooks”) Brooks is a manufacturer of treated wood distribution crossarms and transmission framing components.
The definitive agreement provides for a purchase price of approximately US$140.0 million, subject to customary working capital adjustments.
The completion of the acquisition is contingent upon closing conditions, including U.S. antitrust regulatory approval, and is expected to occur by the end of the year.

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