Valmont Industries, Inc. Announces Acquisition of Canadian Galvanizing Operations

    Valmont Industries, Inc. Announces Acquisition of Canadian Galvanizing
                                  Operations

PR Newswire

OMAHA, Neb., Jan. 3, 2013

OMAHA, Neb., Jan. 3, 2013 /PRNewswire/ -- Valmont Industries, Inc. (NYSE:
VMI), a leading global manufacturer of engineered products for infrastructure,
mechanized irrigation equipment for agriculture, and a provider of coating
services, announced today that it has acquired the assets of Pure Metal
Galvanizing of Ontario, Canada. Pure Metal is a market leader in Canada with
approximate annual sales of CAD$34.0 million. Pure Metal operates five kettles
out of three locations in Ontario, Canada. The specific terms of the
acquisition were not announced. After consideration for transaction costs, the
Company expects the acquisition to be slightly accretive to 2013 earnings.

"The acquisition of one of Canada's premier galvanizing operations broadens
Valmont's global galvanizing footprint and leverages our North American
galvanizing operations," said Rick Cornish, President of Valmont's Global
Coatings Division.

"Joining the Valmont team is a great way for Pure Metal and its employees to
build on our success," added Bruce Phillips, Director of Business Development
of Pure Metal. "We look forward to an easy integration into the Valmont
organization and the many additional opportunities this transaction offers
Pure Metal."

Valmont is the global leader in designing and manufacturing poles, towers and
structures for lighting and traffic, wireless communication and utility
markets, industrial access systems, highway safety barriers and a provider of
protective coating services. Valmont also leads the world in mechanized
irrigation equipment for agriculture, enhancing food production while
conserving and protecting natural water resources. In addition, Valmont
produces a wide variety of tubing for commercial and industrial applications.

This release contains forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are based
on management's current views and estimates and are subject to uncertainty and
changes in circumstances. Future economic and market circumstances, industry
conditions, Company performance and financial results, operating efficiencies,
availability and price of raw materials, availability and market acceptance of
new products, product pricing, domestic and international competitive
environment, actions and policy changes of domestic and international
governments and other risks described from time to time in Valmont's reports
to the Securities and Exchange Commission are examples of factors, among
others, that could cause results to differ materially from those described in
the forward-looking statement. The Company cautions that any forward-looking
statement included in this press release is made as of the date of this press
release and the Company does not undertake to update any forward-looking
statement.

SOURCE Valmont Industries, Inc.

Contact: Jeff Laudin, +1-402-963-1158, fax: +1-402-963-1198
 
Press spacebar to pause and continue. Press esc to stop.