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Advanced Tubing buy completed; Manu-Tech expects more ahead.

Publication: American Metal Market
Publication Date: 03-JUL-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Advanced Tubing buy completed; Manu-Tech expects more ahead.(Samuel Manu-Tech Inc., having closed its deal to acquire Advanced Tubing Technologies Inc., )

Article Excerpt
PITTSBURGH -- Samuel Manu-Tech Inc., having closed its deal to acquire Advanced Tubing Technologies Inc., Statesville, N.C., sees more of the same on the horizon.

The Toronto-based metal processor and distributor paid about $18.2 million for all of the structural tubing parts and assembly maker's shares, plus an earn-out payment. The company financed the deal through an existing revolving credit facility.

The deal...

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