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Miller Industries Announces Acquisition Of Southern Hydraulic Cylinder

Miller Industries Announces Acquisition Of Southern Hydraulic Cylinder

05/31/23, 8:16 PM
Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that it has acquired Southern Hydraulic Cylinder, Inc., a custom hydraulic cylinder manufacturer, in an all-cash transaction for an aggregate purchase price of approximately $17.5 million, subject to certain pre- and post-closing adjustments for cash and net working capital.

Company Info

Company
MILLER INDUSTRIES
Company info
Manufacturer and world leader in towing and recovery equipment with brands Century, Vulcan, Chevron, and Holmes. Products range from light, medium, and heavy duty tow trucks and wreckers, car carriers, flatbeds and rotators. NYSE: MLR