Perimeter Solutions Completes $685M Acquisition of Medical Manufacturing Technologies
Summary
Perimeter Solutions completed the acquisition of Medical Manufacturing Technologies for $685 million, funded by cash and proceeds from a senior secured notes offering. The acquisition expands Perimeter Solutions' operations into the medical device manufacturing sector.
Key Events
-
MMT Acquisition Completed
Perimeter Solutions finalized the acquisition of Medical Manufacturing Technologies for $685 million.
-
Funding Details
The acquisition was funded through cash on hand and proceeds from a senior secured notes offering.
Analysis
Perimeter Solutions has finalized its acquisition of Medical Manufacturing Technologies (MMT) for $685 million in cash. The acquisition was funded through cash on hand and proceeds from a recent senior secured notes offering. This acquisition expands Perimeter Solutions' reach into the medical device manufacturing sector.
At the time of this filing, PRM was trading at $28.99 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $8.76 to $29.88. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.