Simpson Manufacturing Co., Inc. (NYSE:SSD) will seek acquisitions. Brian Magstadt Chief Financial Officer and Treasurer said during the virtual Analyst/Investor Day, "Lastly, I'd like to further hone in on our acquisition strategy moving forward. In alignment with our ambition to be the partner of choice, we will continue to evaluate acquisitions in the building material space to help strengthen our core value proposition by expanding our innovative product lines and developing complete solutions for our markets. Our goal is to continue improving our market share with our growth initiatives and to be the innovation leader in the markets we operate. In addition, we are striving to improve our manufacturing capabilities and efficiencies to reduce lead times and bring production closer to the end customer. In order to execute on these goals, we are leveraging venture capital expertise to help identify potential strategic acquisitions or investments, including innovative technologies of interest. We believe this approach helps provide us with real-time market access to the latest industry technology trends and innovation in the building space. There are roughly 1,000 startups in the construction industry every year. And with the help of our partner, we will be able to identify potential strategic acquisitions while leveraging their existing due diligence and industry insights. From a metrics standpoint, we evaluate various different measures with internal thresholds for items such as ROI, payback, IRR, net present value, price to earnings or cash flow multiples".
Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc. designs, engineers and manufactures structural solutions for wood, concrete, and steel connections. Its wood construction products include connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products. Its wood construction products are used in light-frame building applications. Its concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, fiber reinforced materials and other repair products used for protection and strengthening structures. Its concrete construction products are used in concrete, masonry and steel construction. It markets its products to the residential construction, light industrial and commercial construction, remodeling and do-it-yourself markets. It also operates as designer and manufacturer and distributor of fixing and fastening solutions for the European building and construction market.
SIMPSON MANUFACTURING CO., INC. 
