Quanex Building Products Corporation (NYSE:NX) entered into an Asset Purchase Agreement to acquire Substantially all the assets of LMI Custom Mixing, LLC for $91.3 million on November 1, 2022. As per consideration $92 million, or $79 million, net of the present value of $13 million in anticipated future cash tax benefits. The transaction will be funded with cash-on-hand and borrowings on the Company's existing revolving credit facility. Bank of America Corporation acted as financial advisor to Quanex Building Products Corporation. BofA Securities, Inc. acted as financial advisor on the transaction.

Quanex Building Products Corporation (NYSE:NX) completed the acquisition of Substantially all the assets of LMI Custom Mixing, LLC on November 1, 2022. Total consideration paid was $91.3 million, net of cash and cash equivalents acquired.