Posted September 2, 2010
Simpson completes Dura-Vent sale
Simpson Manufacturing Co., completed the sale of substantially all of the assets of its subsidiary, Simpson Dura-Vent Company to M&G Dura-Vent Inc.
The newly formed, wholly owned, indirect subsidiary of M&G Holding B.V. paid $27.7 million for the acquisition.
Simpson Dura-Vent designed and manufactured venting systems for gas and wood burning appliances. M&G, a Netherlands-based company, manufactures and distributes venting products for European markets.
M&G, headquartered in Assen in the Netherlands, has production facilities in the Netherlands, Italy and Turkey and sales offices and warehouses in Belgium, France, Germany and the UK. M&G manufactures venting systems for heating and hot water appliances, both conventional and high efficiency. It manufactures a range of systems in aluminum, stainless steel and polypropylene.
Simpson Manufacturing Co. Inc., headquartered in Pleasanton, Calif., through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a manufacturer of wood-to-wood, wood-to-concrete and wood-to-masonry connectors and fastening systems, stainless steel fasteners and pre-fabricated shearwalls.
