Mayville Engineering Enters Definitive Agreement To Acquire Privately Held Mid-States Aluminum For $96M
Portfolio Pulse from Benzinga Newsdesk
Mayville Engineering Company (MEC) has entered a definitive agreement to acquire privately held Mid-States Aluminum for $96 million. The acquisition is expected to close in Q3 2023, subject to customary closing conditions.
June 20, 2023 | 10:03 am
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Mayville Engineering Company (MEC) is set to acquire Mid-States Aluminum for $96 million, with the deal expected to close in Q3 2023.
The acquisition of Mid-States Aluminum will expand MEC's manufacturing capabilities and potentially increase its market share. This could positively impact MEC's stock price in the short term as investors may view the acquisition as a growth opportunity.
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