July 28, 2000
Pleasanton, CA -- Simpson Strong-Tie Company Inc., a subsidiary of Simpson Manufacturing Co., Inc. (NYSE:SSD), announced today the acquisition of the assets of Anchor Tiedown Systems, Inc ("ATS"). ATS manufactures and distributes the MBR product line used to anchor multi-story buildings utilizing a threaded rod hold down system. The MBR system is complementary and additive to Simpson Strong-Tie's line of seismic hold down products. The MBR products give Simpson Strong-Tie's customers additional, cost-effective, choices in multi-story construction that have "No-Equal" in the marketplace.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood-to-wood, wood-to-concrete and wood-to-masonry connectors, and through its subsidiary, Simpson Dura-Vent Company, Inc., designs, engineers and manufactures venting systems for gas and wood burning appliances. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."
For further information, contact Barclay Simpson at (925) 738-9032.