{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-113504","form_type":"8-K","ticker":"NX","cik":"0001423221","company_name":"Quanex Building Products CORP","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.604321+00:00","generated_at":"2026-06-22T17:48:45.155221+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Quanex acquires LMI Custom Mixing assets for $92M; expects $80M revenue, 15% EBITDA margin","bullets":["Purchase price $92M cash; $79M net of $13M present value of future tax benefits.","Deal funded with cash-on-hand and borrowings on existing revolving credit facility.","Quanex expects ~$500K synergies in first year; LMI revenue ~$80M and ~15% EBITDA margin in fiscal 2023.","Acquisition adds custom polymer mixing capabilities; vertical integration with existing IG spacers business.","Quanex says deal immediately accretive to adjusted EPS and meets return hurdles within 3 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-113504","json":"https://secwatch.observer/filing/0001104659-22-113504.json","markdown":"https://secwatch.observer/filing/0001104659-22-113504.md","text":"https://secwatch.observer/filing/0001104659-22-113504.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423221/000110465922113504/0001104659-22-113504-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423221/000110465922113504/tm2228962d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T17:48:45.155221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d75bcae68ca02fc618b508b269415b6fc6420bf1","claim":"Quanex Building Products CORP completed an acquisition involving LMI Custom Mixing, LLC for $92 million in cash, with $7.1 million of this amount funded by IG Systems into escrow substantially as security for the seller parties' indemnification obligat (closed 2022-11-01).","evidence_excerpt":"agreed to assume certain liabilities relating to the Purchased Assets (collectively, the “Acquisition”). As consideration for the Purchased Assets, IG Systems agreed to pay LMI $92 million in cash, with $7.1 million of this amount funded by IG Systems into escrow substantially as security for the seller parties’ indemnification obligations. The purchase price is","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423221/000110465922113504/0001104659-22-113504-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"LMI Custom Mixing, LLC"},{"label":"Consideration","value":"$92 million in cash, with $7.1 million of this amount funded by IG Systems into escrow substantially as security for the seller parties' indemnification obligat"},{"label":"Closing","value":"2022-11-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}