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Atkore International Holdings Inc's Subsidiary Enters Into Material Definitive Agreement - Form 8-K

Monday, 16 Sep 2013 09:55am EDT 

Atkore International Holdings Inc reported in its Form 8-K that Atkore International Holdings, a subsidiary of the Company, entered into an Asset Purchase Agreement (the Agreement) with Heritage Plastics, Inc., Heritage Plastics Central, Inc. and Heritage Plastics West, Inc. (collectively the Companies) and each person identified in the Agreement as a shareholder of the Companies (the Shareholders). Pursuant to the Agreement, Atkore will acquire substantially all of the assets of the Companies for $89,450,000, subject to adjustment as provided in the Agreement. Under the Agreement, each of the Companies and the Shareholders agrees to customary non-solicitation and non-competition provisions for four years from the closing of the transactions contemplated by the Agreement. The closing of the transactions contemplated by the Agreement is subject to customary closing conditions and is expected to occur in the fourth quarter of fiscal 2013. 

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