9/3/2010 12:17:00 AM
NEWS BRIEFS
Simpson Mfg. Completes Dura-Vent Deal
Simpson Manufacturing completed its deal to sell its non-fastener subsidiary, Dura-Vent, to Netherlands-based M&G Holding for $27.7 million in cash.
Dura-Vent designs, engineers and manufactures venting systems for gas and wood burning appliances.
M&G Holdings has production facilities in the Netherlands, Italy and Turkey and sales offices and warehouses in Belgium, France, Germany and the UK.
Simpson owns Strong-Tie, designs, engineers and is a leading manufacturer of wood-to-wood, wood-to-concrete and wood-to-masonry connectors and fastening systems, stainless steel fasteners and pre-fabricated shearwalls. Simpson Strong-Tie also offers a full line of adhesives, mechanical anchors and powder actuated tools for concrete, masonry and steel. Web: strongtie.com ©2010 GlobalFastenerNews.com
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