Dec. 20, 2011
/PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD) announced today that its subsidiary, Simpson Strong-Tie Company Inc., entered into an agreement to acquire substantially all of the assets of Automatic Stamping, LLC, a
limited liability company and Automatic Stamping Auxiliary Services, LLC, a
limited liability company (collectively "Automatic Stamping"), and certain real property and improvements owned by TIMMCO, INC., a
corporation, for an aggregate of
plus the value at closing of inventory and accounts receivable. Automatic Stamping manufactures and sells a line of high quality truss connector plates primarily in
the United States
. The transaction is expected to close in
Simpson Manufacturing Co., Inc., headquartered in
, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood-to-wood, wood-to-concrete and wood-to-masonry connectors and fastening systems, stainless steel fasteners and pre-fabricated shearwalls. Simpson Strong-Tie also offers a full line of adhesives, mechanical anchors and powder actuated tools for concrete, masonry and steel. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."
For further information, contact
at (925) 560-9032.
SOURCE Simpson Manufacturing Co., Inc.