New User:

-or-
Username:
Password:
Forgot your password?

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.
News For HW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for HW

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use