Share this article

print logo

Gibraltar sells European business

Gibraltar Industries has sold a pair of European expanded and perforated metal manufacturing businesses that it acquired a decade ago.

Gibraltar sold The Expanded Metal Co. in Great Britain and a German affiliate, Sorst Streckmetall, to a Miami-based private investment firm, Empire, for an undisclosed price.

The terms of the deal were not disclosed, but Gibraltar said the business broke even last year on $36 million in sales last year. That’s significantly less than the $62 million in annual sales that Gibraltar said the business had when it announced its acquisition in November 2006.