Simpson acquires S&P Clever

Pleasanton, Calif.-based Simpson Manufacturing has entered into an agreement to purchase all of the shares of S&P Clever Reinforcement Co. AG and S&P Reinforcement International AG (collectively “S&P Clever”).

Both companies are incorporated under the laws of Switzerland, for 54 million Swiss Francs (US$61.4 million), subject to post-closing adjustments. The transaction is expected to close in January 2012.

S&P Clever manufactures and sells engineered materials for repair, strengthening and restoration of concrete and masonry construction and has operations in Switzerland, Germany, Portugal, Poland, The Netherlands and Austria.

Login or Register to post a comment.