Valmont Announces Acquisition of a Leading Northern European Manufacturer of Engineered Steel Products

 Valmont Announces Acquisition of a Leading Northern European Manufacturer of
                          Engineered Steel Products

PR Newswire

OMAHA, Neb., March 3, 2014

OMAHA, Neb., March 3, 2014 /PRNewswire/ -- Valmont Industries, Inc. (NYSE:
VMI), a leading global provider of engineered products and services for
infrastructure and mechanized irrigation equipment for agriculture, announced
today that it has acquired privately-held DS SM A/S, a market leader in
Northern Europe for the manufacture of heavy complex steel structures for a
diverse range of industries including wind energy, offshore oil and gas, and
electricity transmission. The Company, which will be renamed Valmont SM A/S,
and will be reported in Valmont's Engineered Infrastructures Products Segment,
has annual sales of approximately $190 million and operates two manufacturing
locations in Denmark. The enterprise was valued at DKK 800 million
(approximately $148 million) and DS SM's operating characteristics are similar
to Valmont's other businesses within the Engineered Infrastructure Products
Segment. Valmont expects the acquisition to be accretive to 2014 earnings.

DS SM (www.ds-sm.dk) part of DS Gruppen operates in three primary product
segments.

  oFor wind energy, the company manufactures support structures for both the
    onshore and rapidly growing offshore wind market segments, as well as
    rotor housings for direct drive turbines.
  oFor the oil and gas industry, the company manufactures specialty equipment
    for offshore drilling rig stability. For offshore production platforms
    they also manufacture lifting and handling equipment such as cranes and
    winches.
  oFor the utility industry, DS SM manufactures engineered transmission
    support structures.

"DS SM is a premier engineered structures firm focused on energy
infrastructure," said Vik Bansal, Group President of Valmont's Global
Engineered Infrastructure Products Segment. "Support structures for the
onshore/offshore wind and utility industries fit well with Valmont's existing
competencies. This acquisition enables Valmont to participate in growing
markets for wind energy, oil and gas exploration, power transmission and other
related infrastructure projects, while giving us an attractive platform to
expand our engineered infrastructure product lines across a broader geographic
footprint."

"My management team and I are very pleased to be joining Valmont. We will
maintain our 10% ownership interest in DS SM and we believe that Valmont
provides the best strategic fit for DS SM and enables the next growth phase
for our company," added Claus Bo Jorgensen, CEO of DS SM.

Valmont is a 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.

Website: http://www.valmont.com
Contact: Jeff Laudin, Phone: 402-963-1158, Fax: 402-963-1198
 
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