Mueller Industries, Inc.’s $162.8 million Acquisition of ATCO Rubber Products


Willkie represented Mueller, an industrial manufacturer specializing in copper and copper alloy manufacturing, in the transaction.

Mueller Industries, Inc. (NYSE: MLI) has acquired ATCO Rubber Products, Inc. (ATCO) for approximately $162.8 million. ATCO is an industry leader in the manufacturing and distribution of insulated HVAC flexible duct systems and will support the Company’s strategy to grow its Climate Products businesses to become a more valuable resource to its HVAC customers.

ATCO had revenues of approximately $166 million with 800 employees in its fiscal year ending December 31, 2017. The acquired business will be reported in Mueller’s Climate segment.

Mueller Industries, Inc. is an industrial manufacturer that specializes in copper and copper alloy manufacturing, while also producing goods made from aluminum, steel, and plastics. It is headquartered in Memphis, Tennessee and is comprised of a network of operations in the United States, Canada, Mexico, Great Britain, South Korea, and China. Its products include tubing, fittings, valves, vessels, and related items for plumbing and HVACR related piping systems, as well as rod, forgings, extrusions, and various components for OEM applications. Products are distributed into sectors such as building construction, appliance, defense, energy, and automotive.

The Willkie deal team was led by partners Serge Benchetrit (Picture) and Sean Ewen and included associates Daniel Alster and Kevin Tarsa.

Involved fees earner: Serge Benchetrit – Willkie Farr & Gallagher; Sean Ewen – Willkie Farr & Gallagher; Daniel Alster – Willkie Farr & Gallagher; Kevin Tarsa – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Mueller Industries, Inc.;

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Author: Ambrogio Visconti