Simpson Manufacturing (SSD) To Acquire Automatic Stamping for $41.4 Million

Simpson Manufacturing Co. (NYSE: SSD) entered into an agreement to acquire substantially all of the assets of Automatic Stamping, LLC, a North Carolina limited liability company and Automatic Stamping Auxiliary Services, LLC, a North Carolina limited liability company, and certain real property and improvements owned by TIMMCO, INC., a North Carolina corporation, for an aggregate of $41.4 million plus the value at closing of inventory and accounts receivable. Automatic Stamping manufactures and sells a line of high quality truss connector plates primarily in the United States.

The transaction is expected to close in December 2011 or January 2012.

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