Smiths Group Expands North American Footprint with Duc-Pac Acquisition
Why we think this is neutral
This RNS announcement is about Smiths Group acquiring Duc-Pac Corporation, a US-based metal duct manufacturer. While acquisitions can be positive for a company's growth, this announcement does not contain any of the mandatory news types that would require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- Smiths Group acquires Duc-Pac Corporation, a US-based metal duct manufacturer, for $40.5m (£32m)
- Duc-Pac will be integrated into Smiths Group's Flex-Tek business
- Acquisition is part of Smiths Group's strategy to expand its North American construction business
Summary
The industrial technology company has acquired a US-based metal duct manufacturer to expand its North American construction business.
Smiths Group plc has acquired Duc-Pac Corporation, a US-based metal duct manufacturer, for $40.5m (£32m). The acquisition will be integrated into Smiths Group's Flex-Tek business and is part of the company's strategy to build a nationwide, integrated offer in its North American construction segment.
GENERAL UPDATE