Dover Corporation DOV announced
today that it has acquired Anthony International ("Anthony"), a leading
manufacturer of specialty glass, commercial glass refrigerator and freezer
doors, lighting systems, and display equipment for $602.5 million, subject to
normal closing adjustments. Based in Sylmar, California, Anthony will join
the Refrigeration and Industrial platform of Dover's Engineered Systems
segment.
Anthony's leading positions in refrigeration and freezer doors, re-skinning
services, and specialty & curved glass provide food retailers with a breadth
of solutions to improve energy efficiency and enhance the consumer shopping
experience. Anthony operates globally with locations in the U.S., Italy, China
and South Africa.
Anthony's 2012 revenue is estimated to be approximately $310 million. Dover
expects this acquisition to be $0.02 dilutive to 2012 continuing earnings per
share due to integration and acquisition related costs. In 2013, Anthony will
be modestly accretive to continuing earnings per share.
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