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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