Acquiring Company
Simpson Strong-Tie
Acquired Company
ETANCO GROUP
PleasantonBuilding MaterialWholesaleDescription
Simpson Manufacturing Co., Inc. (the "Company" or "Simpson") (NYSE:SSD), an industry leader in engineered structural connectors and building solutions, today announced the successful completion of its previously announced acquisition of the ETANCO Group ("ETANCO"), a leading designer and manufacturer of fixing and fastening solutions for the European building construction market, for €725 million (approximately $800 million(1)), net of cash. For the 12 months ending September 30, 2021, ETANCO's net sales and operating income margin were approximately €258 million(2) (approximately $291 million(2)) and 19.7%(2), respectively.
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Frequently asked
Who acquired ETANCO GROUP?
ETANCO GROUP was acquired by Simpson Strong-Tie, based in Pleasanton. The deal was reported on April 7, 2022. Simpson Strong-Tie is the world leader in structural solutions — products and technology that help people design and build safer, stronger homes, buildings, and communities. Simpson Strong-Tie is privately held and operates in Building Material.
When did Simpson Strong-Tie acquire ETANCO GROUP?
Simpson Strong-Tie's acquisition of ETANCO GROUP was reported on April 7, 2022. Simpson Manufacturing Co., Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ETANCO GROUP do?
Since 1952, ETANCO Group is serving the building envelope market with fixing and fastening solutions for waterproofing, roofing, cladding and facade. It is privately held.
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