Dorman completes $338M Dayton Parts acquisition; raises 2021 guidance

Dorman Products, Inc.

Acquired Dayton Parts for ~$338M cash, subject to adjustments; financed with $100M cash on hand and new credit facility.
Entered new $600M 5-year revolving credit facility, replacing existing $100M facility; used to fund acquisition and for general corporate purposes.
Updated 2021 guidance: Net sales $1,263-$1,300M (prev $1,191-$1,224M); adjusted diluted EPS $4.56-$4.80 (prev $4.40-$4.60).
Dayton Parts becomes wholly-owned subsidiary; acquisition expected to provide greater flexibility for strategic priorities.

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