Article: APW Ltd. Announces Acquisition of Mayville Metal Products.

Business Editors

WAUKESHA, Wis.--(BUSINESS WIRE)--Jan. 23, 2001

APW Ltd. (NYSE: APW), the leading global Technically Enabled Manufacturing Services "TEMS" company, announced today that it has entered into a definitive agreement to acquire Mayville Metal Products from Connell Limited Partnership (CLP).

Total consideration to be paid for this transaction is $225 million in cash plus 1.509 million shares of APW common stock, subject to certain contractual adjustments. The cash portion of the consideration will be funded through APW's existing credit facilities. The transaction is structured as an asset purchase with the assumption of certain ...

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