Dmc global completes acquisition of 60% controlling interest in arcadia inc.

Broomfield, colo., dec. 23, 2021 (globe newswire) -- dmc global inc. (nasdaq: boom), a diversified holding company, today announced it has completed its acquisition of a 60% controlling interest in arcadia inc., a leading u.s. supplier of architectural building products. dmc announced last friday it had entered into a definitive agreement to acquire the 60% interest for $282.5 million in cash and dmc stock, and expects to acquire the remaining 40% interest through a three year put and call option. the total implied transaction value is $469.6 million.
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