DMC Global Completes Acquisition of 60% Controlling Interest in Arcadia Inc.
December 23 2021 - 4:05PM
DMC Global Inc. (Nasdaq: BOOM), a diversified holding company,
today announced it has completed its acquisition of a 60%
controlling interest in Arcadia Inc., a leading U.S. supplier of
architectural building products. DMC announced last Friday it had
entered into a definitive agreement to acquire the 60% interest for
$282.5 million in cash and DMC stock, and expects to acquire the
remaining 40% interest through a three year put and call option.
The total implied transaction value is $469.6 million.
Details of the acquisition are available in the
Transaction Announcement press release, Investor Presentation and
Investor Conference Call, all of which are available on Investor
page of DMC’s website: www.dmcglobal.com/.
In addition, a Form 8-K regarding the
transaction has been filed with the Securities and Exchange
Commission and is located here.
The acquisition of Arcadia aligns with DMC’s
strategy of building a diversified portfolio of industry-leading
businesses that provide differentiated products and services to
their markets.
About DMC GlobalDMC Global
operates a portfolio of innovative, asset-light businesses that
provide differentiated products and services to their respective
industries. The Company’s strategy is to identify well-run
businesses with strong management teams, and support them with
long-term capital and strategic, financial, legal, technology and
operating resources. DMC helps portfolio companies grow their core
businesses, launch new initiatives, upgrade technologies and
systems to support their long-term growth strategies, and make
acquisitions that improve their competitive positions and expand
their markets. The Company’s current portfolio consists of Arcadia
Inc., a leading supplier of architectural building products,
DynaEnergetics, which serves the global energy industry, and
NobelClad, which addresses the global industrial process and
transportation sector. Based in Broomfield, Colorado, DMC trades on
Nasdaq under the symbol “BOOM.”
Cautionary Note Regarding Forward-Looking
StatementsThis release contains “forward-looking
statements” within the meaning of applicable securities laws
regarding events or conditions that may occur in the future,
including the acquisition of the remaining 40% of Arcadia. Factors
that could cause actual results to differ materially from any
forward-looking statements include, but are not limited to, the
risk that the acquisition of the remaining 40% of Arcadia will not
be completed as planned and the risk that the acquisition will not
have the expected benefits, including as a result of unanticipated
liabilities, integration or performance issues and/or general
economic conditions, and other factors described in the public
filings made by DMC Global at www.sec.gov. Readers should not place
undue reliance on forward-looking statements. The forward-looking
statements contained herein are based on the beliefs, expectations
and opinions of management as of the date hereof and DMC Global
disclaims any intent or obligation to update them or revise them to
reflect any change in circumstances or in management’s beliefs,
expectations or opinions that occur in the future.
CONTACT:Geoff HighVice
President of Investor Relations303-604-3924
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