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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:01 EDTHWHeadwaters acquires assets of Metals USA's roofing products business for $28M
Headwaters announced it has acquired the assets of Metals USA's roofing products business Gerard. Gerard sells seven primary metal profiles, including classic tile, barrel vault, and canyon shake. This niche roofing product combines aesthetically pleasing profiles resembling tile, shake, or slate with a fire proof material and a low lifetime installed cost. The $28M transaction will be immediately accretive to earnings. Headwaters is funding the transaction with existing balance sheet cash, and expects its net debt to adjusted EBITDA ratio will increase slightly with the use of cash, but remains on track to achieve desired leverage ratio in 2015.
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July 14, 2014
12:17 EDTHWHeadwaters acquires assets of LA Ash Products, Services
Headwaters announced acquisition of the assets of LA Ash Products and Services. The company said, "Combined with LA Ash, we expect incremental dry and hydrated CFB ash sales of more than 300K tons primarily in the Louisiana and Texas markets. The acquisition was paid for in cash and will be accretive to earnings in 2014."

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