NCI Announces Definitive Agreement with Metl-Span
NCI Group, Inc. announced it has entered into a definitive agreement to purchase Metl-Span from a subsidiary of BlueScope Steel North America Corp. Metl-Span operates five manufacturing facilities in the United States serving the nonresidential building products market with cost-effective and energy efficient insulated metal wall and roof panels. For the year ended Dec. 31, 2011, Metl-Span had approximate revenues of $170 million. The acquisition is subject to a number of closing conditions, including the expiration or termination of any applicable waiting period under the Hart Scott Rodino Act.
Mark Dobbins, president of NCI’s Components Division, commented, “As a past customer of Metl-Span, we have tremendous respect for the organization and the people. Their decades of experience with regards to manufacturing processes, customer service and technical development for insulated metal panel systems will be an invaluable addition to our Components Division. Metl-Span’s existing five locations will accelerate our expansion plans and allow us to better service our customers with additional products and opportunities to compete in the nonresidential construction market.”
For more information, visit www.ncigroup.com.