Edition:
United States

Applied Industrial Technologies To Acquire FCX Performance Inc


Tuesday, 9 Jan 2018 06:00am EST 

Jan 9 (Reuters) - Applied Industrial Technologies Inc ::APPLIED INDUSTRIAL TECHNOLOGIES TO ACQUIRE FCX PERFORMANCE, INC..APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL FOR ‍TOTAL CONSIDERATION OF APPROXIMATELY $768 MILLION​.APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL WILL BE FINANCED WITH NEW CREDIT FACILITY COMPRISED OF A $780 MILLION TERM LOAN A AND $250 MILLION REVOLVER.APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL EXPECTED TO BE ACCRETIVE IN FY 2019 AFTER RECOGNITION OF RELATED ONE-TIME DEAL COSTS IN FY 2018.APPLIED INDUSTRIAL TECHNOLOGIES-ACQUISITION ANTICIPATED TO CONTRIBUTE ABOUT $550 MILLION IN SALES, $68 MILLION IN EBITDA IN FIRST 12 MONTHS OF CO'S OWNERSHIP​.APPLIED INDUSTRIAL TECHNOLOGIES TO ACQUIRE FCX PERFORMANCE, INC.. 

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