Jan. 21, 2011: Mueller Industries Announces Acquisition of Tube Forming L.P.
January 21, 2011
MEMPHIS, Tenn. - Mueller Industries Inc. announced that it has acquired various operating assets of Tube Forming L.P. (TFI), a subsidiary of Wolverine Tube Inc. TFI primarily serves the HVACR market in North America. The acquired assets include inventories, production equipment as well as factory leaseholds.
TFI has operations in Carrollton, Texas, and Guadalupe, Mexico, where it produces precision copper return bends and crossovers, and custom-made tube components and brazed assemblies, including manifolds and headers. TFI’s estimated net sales for 2010 were approximately $35 million. Mueller paid approximately $6.9 million for the assets and the purchase price was funded with existing cash on hand.
Mueller Industries is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller’s operations are located throughout the United States and in Canada, Mexico, Great Britain, and China. For more information, visit www.muellerindustries.com.
Publication date: 01/17/2011