---
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"
generated_at: "2026-06-22T17:48:45.155221+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quanex acquires LMI Custom Mixing assets for $92M; expects $80M revenue, 15% EBITDA margin

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-113504
- JSON: https://secwatch.observer/filing/0001104659-22-113504.json
- Plain text: https://secwatch.observer/filing/0001104659-22-113504.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: LMI Custom Mixing, LLC
  - Consideration: $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
  - Closing: 2022-11-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1423221/000110465922113504/0001104659-22-113504-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.