November 20, 2000
Dublin, CA -- Simpson Strong-Tie Company Inc., a subsidiary of Simpson Manufacturing Co., Inc. (NYSE:SSD), announced today that it has signed a letter of intent to acquire 100% of the shares of BMF Bygningsbeslag A/S ("BMF") of Denmark for approximately $13.7 million in cash. BMF is a leading connector manufacturer in northern and central Europe. The transaction is expected to close by the first quarter of 2001.
Simpson Manufacturing Co., Inc., headquartered in Dublin, 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) 560-9032.
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