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BRIEF-Apogee announces agreement to acquire window company, EFCO Corp, for $195 m电子挂图电路ln

网络整理 2017-05-02 同城信息

May 1 (Reuters) - Apogee Enterprises Inc (APOG.O)

* Apogee announces agreement to acquire window company, efco corporation, for $195 million

* Apogee enterprises inc - is funding efco acquisition from cash and its recently expanded credit facility

* Apogee enterprises inc- expect to generate $10 million to $15 million in annual synergies and operational efficiencies by fiscal 2020

* Apogee enterprises inc expects acquisition to generate cash and be accretive to apogee's ebitda and eps, excluding transaction costs, this fiscal year

* Says apogee is funding efco acquisition from cash and its recently expanded credit facility

* Apogee enterprises - efco will be ninth independent operating unit in apogee portfolio and reported as part of architectural framing systems segment

Source text for Eikon: Further company coverage: (APOG.O)

Tags:BRIEF-Apogee announces agreement to acquire window company   EFCO Corp   for $195

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