DMC Global buys architectural building product supplier for $280M+
BROOMFIELD — Oilfield services provider DMC Global Inc. (Nasdaq: BOOM) will acquire a 60% controlling stake in architectural building product supplier Arcadia Inc. for $282.5 million in cash and DMC stock.
Closing is expected later this month, with DMC set to acquire the remaining 40% interest in Arcadia through a three-year put-and-call option with a floor valuation of $187.1 million.
Arcadia will operate as a standalone business of DMC and will be led by Jim Schladen, according to a DMC news release.
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“This is a milestone transaction for DMC and aligns with our strategy of building a diversified portfolio of industry-leading businesses with differentiated products and services,” DMC Global CEO Kevin Longe said in a prepared statement. “The acquisition of Arcadia will double DMC’s consolidated sales, strengthen our gross margins and provide diversification outside our more cyclical energy and industrial infrastructure markets.”
BROOMFIELD — Oilfield services provider DMC Global Inc. (Nasdaq: BOOM) will acquire a 60% controlling stake in architectural building product supplier Arcadia Inc. for $282.5 million in cash and DMC stock.
Closing is expected later this month, with DMC set to acquire the remaining 40% interest in Arcadia through a three-year put-and-call option with a floor valuation of $187.1 million.
Arcadia will operate as a standalone business of DMC and will be led by Jim Schladen, according to a DMC news release.
“This is a milestone transaction for DMC and aligns with our strategy of building a diversified portfolio of industry-leading businesses with…