M&A
confidence high
sentiment neutral
materiality 0.70
Quanex completes Tyman acquisition; pro forma combined revenue $1.39B for nine months
Quanex Building Products CORP
- Total consideration $951.7M: $501.7M cash + 14.1M shares valued at $450M at close.
- Pro forma combined net sales $1,394.7M for nine months ended July 31, 2024.
- Pro forma combined net income $53.1M for nine months ended July 31, 2024.
- Debt financing of $791.7M drawn from new $475M revolver and $500M term loan.
- Tyman shareholders received 400 pence per share implied value at acquisition.