Simpson Manufacturing Co., Inc. (“Simpson”) (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, announced that it has acquired the Etanco Group (“Etanco”) for €725 million.
For the twelve months ended September 30, 2021, Etanco’s net sales and operating income margin were approximately €258 million and 19.7%, respectively.
Etanco, headquartered in Le Pecq, France, is a leading designer, manufacturer and distributor of fixing and fastening solutions for the building construction market throughout Europe, which includes innovative fasteners, connectors, anchors and safety solutions for roofing, cladding, façade, waterproofing and solar applications.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers, and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. The Company’s common stock trades on the New York Stock Exchange under the symbol “SSD”.
EC M&A acted as exclusive financial advisor to Simpson on this transaction.
