Mueller Industries Acquires Nehring Electrical Works Company

April 22, 2024

Mueller Industries, Inc. (NYSE: MLI) agreed to acquire Nehring Electrical Works Company and certain affiliates for approximately $575 million plus a $25 million earn-out, and has completed the transaction. Nehring, headquartered in DeKalb, Illinois, manufactures wire and cable solutions for utilities, telecommunications, electrical distribution and OEM customers; Mueller said the deal expands its presence in electrical and power infrastructure and is expected to be accretive to 2024 results.

Buyers
Mueller Industries, Inc.
Targets
Nehring Electrical Works Company, Conex Cable, L.L.C., Unified Wire & Cable, Inc.
Industry
Manufacturing
Location
Illinois, United States
Transaction Type
Buyout

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