Dorman Products Inc

NASDAQ:DORM  
101.14
-0.16 (-0.16%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Dorman Products To Acquire Dayton Parts

Published: 06/27/2021 23:11 GMT
Dorman Products Inc (DORM) - Dorman Products, Inc. to Acquire Dayton Parts.
Dorman - Signed Definitive Agreement to Acquire Dayton Parts, Leading Independent Heavy-duty Undercarriage Aftermarket Component Supplier for $338 Million.
Dorman - in Connection With the Transaction, Dorman Expects to Enter Into a New $600 Million Revolving Credit Facility.
Acquisition is Expected to Be Immediately Accretive to Adjusted Diluted Earnings per Share.
Until Transaction Closes, Both Companies Will Operate Independently and Execute on Their Respective Strategic Priorities.
In Connection With Transaction, Dorman Expects to Enter Into a New $600 Million Revolving Credit Facility.