Valmont Industries Acquires HR Products, Bolstering Geographic Footprint & Agriculture Business
Portfolio Pulse from Shivani Kumaresan
Valmont Industries Inc (NYSE:VMI) has agreed to acquire HR Products, an Australian irrigation parts supplier, for an undisclosed sum. The acquisition will expand Valmont's geographic footprint and grow its parts presence in a key agriculture market. The deal is expected to be immediately accretive to earnings, with Year 1 revenue of about $45 million. The transaction is expected to close in Q3 2023.
July 07, 2023 | 2:53 pm
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Valmont's acquisition of HR Products is expected to expand its geographic footprint and increase its presence in the agriculture market. The deal is expected to be immediately accretive to earnings, with Year 1 revenue of about $45 million.
The acquisition of HR Products by Valmont Industries is expected to be immediately accretive to earnings, indicating a positive impact on the company's financial performance. This, along with the expansion of its geographic footprint and presence in the agriculture market, is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price.
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