Simplicity Manufacturing acquires Snapper
Simplicity Manufacturing, Inc., announced that it has entered into an agreement to purchase the assets of Snapper, Inc., a Georgia-based manufacturer of lawn and garden equipment for both the residential and commercial markets.
The agreement calls for Simplicity to acquire Snapper from its parent company, Metromedia International Group, Inc., (AMEX:MMG). Simplicity will acquire substantially all of the assets of Snapper and assume certain liabilities. The acquisition of Snapper will allow Simplicity to double its size in terms of sales and number of employees. The acquisition is subject to the satisfaction of certain conditions and is expected to close in thirty days.
In the past three years, Simplicity has acquired Ferris Industries, a manufacturer of commercial mowers, and Giant-Vac, Inc., a supplier of leaf and debris management equipment. These companies have firmly established Simplicity in the commercial lawn and garden market, and furthered Simplicity's commitment to the independent power equipment dealer. Snapper's line of commercial equipment and utility vehicles increases Simplicity's product offering to this growing commercial market.
Additional information about Simplicity products is available at the company's Web site at www.simplicitymfg.com. Visit www.ferrisindustries.com and www.giantvac.com for information about their products.
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