Apogee Enterprises To Acquire UW Solutions For $240M
Portfolio Pulse from Benzinga Newsdesk
Apogee Enterprises is set to acquire UW Solutions for $240 million, enhancing its position in specialty coatings and materials. The acquisition is expected to generate $100 million in revenue and $5 million in synergies by fiscal 2027.
September 25, 2024 | 12:32 pm
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Apogee Enterprises is acquiring UW Solutions for $240 million, which aligns with its growth strategy in specialty coatings and materials. The acquisition is expected to add over $100 million in revenue and $5 million in synergies by fiscal 2027.
The acquisition of UW Solutions by Apogee Enterprises is a strategic move to enhance its specialty coatings and materials business. The expected revenue increase and cost synergies are likely to positively impact Apogee's financial performance, making the stock more attractive to investors.
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