MUELLER INDUSTRIES INC
For the period ended Mar 30, 2024. Filed Apr 24, 2024.
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Mar 30, 2024 · Filed Apr 24, 2024
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Item 1A. – Risk Factors
The Company is exposed to risk as it operates its businesses. To provide a framework to understand the operating environment of the Company, we have provided a brief explanation of the more significant risks associated with our businesses in our 2023 Annual Report on Form 10-K. Except as set forth below, there have been no material changes in risk factors that were previously disclosed in our 2023 Annual Report on Form 10-K. Additionally, the operating results of the Company’s unconsolidated affiliates may be adversely affected by unfavorable economic and market conditions.
Our pending acquisition of Nehring Electrical Works Company and certain of its affiliated companies involves a number of risks, the occurrence of which could adversely affect our business, financial condition, and operating results.
On April 19, 2024, we entered into an equity purchase agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”). The acquisition involves certain risks, the occurrence of which could adversely affect our business, financial condition, and operating results, including:
| • | delays in completing the acquisition within the expected time period and the risk that the acquisition may not be completed at all; |
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| • | diversion of management's attention to complete the acquisition and integrate Nehring’s operations thereafter; |
| • | disruption to our existing operations and plans or inability to effectively manage our expanded operations after the closing of the acquisition; |
| • | potential loss of key Nehring employees, suppliers or customers, or other adverse effects on existing business relationships with suppliers or customers; and |
| • | our expanded operations may not achieve the growth prospects, synergies or other financial results that we have projected for the acquisition. |
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