The Right Tools for Growth: Acquisitions and Expansions - Research Report on Lennar, CEMEX, 3D Systems, EMCOR, and Lincoln Electric
Jun 21, 2013, 08:00 ET
NEW YORK, June 21, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting Lennar Corporation (NYSE: LEN), CEMEX SAB de CV (ADR) (NYSE: CX), 3D Systems Corporation (NYSE: DDD), EMCOR Group, Inc. (NYSE: EME), and Lincoln Electric Holdings, Inc. (NASDAQ: LECO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lennar Corporation Research Report
On June 18, 2013, Lennar Corporation (Lennar) announced that it has expanded its homebuilding operations into the Nashville, Tennessee market by acquiring control of approximately 40 home sites in the Tollgate Village Community. According to the Company, its entry into the Tennessee market is similar to its recent strategic expansion into Atlanta, Seattle, Portland, and Central Texas. Andy Pfeifer, a 12-year Nashville homebuilding veteran, will lead the start-up operations in Nashville. With this expansion, the Company now has homebuilding operations in 19 states and 46 markets across the nation. The Full Research Report on Lennar Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c72d_LEN]
CEMEX SAB de CV (ADR) Research Report
On June 3, 2013, CEMEX SAB de CV (CEMEX) announced that it expects to invest approximately $100 million (EGP 700 million) to improve its operations in Egypt and to continue supporting the country's housing, commercial, and infrastructure development. According to the Company, a sizable percentage of the investment will be used by CEMEX to increase its capacity to use coal and pet coke as energy sources in its Assiut cement plant, helping eliminate fuel subsidies by 2014. CEMEX will also install new waste co-processing and environmental equipment in the plant. Further, the Company expects to invest in equipment to build and promote the construction of concrete roads, which represent a more durable and cost-effective building solution. CEMEX stated that it is already planning to support four major concrete paving projects in Egypt during 2013. The Full Research Report on CEMEX SAB de CV (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1de3_CX]
3D Systems Corporation Research Report
On June 12, 2013, 3D Systems Corporation (3D Systems) announced that it has signed agreements to acquire approximately 80% of Phenix Systems. Based in Riom, France, Phenix Systems designs, manufactures, and sells Direct Metal 3D Printers that can print chemically pure fully dense metal and ceramic parts from fine powders with the granularity of 6 to 9 microns. The materials include stainless steel, tool steel, super alloys, non-ferrous alloys, precious metals, and alumina for a variety of aerospace, automotive and patient specific medical device applications. According to 3D Systems, combining Phenix Systems' Direct Metal technology with its portfolio strengthens its offerings and positions it at the heart of the aerospace, automotive, defense, and patient specific health care manufacturing opportunities. Further, the Company stated that the transaction adds more complementary printers and materials, strengthening the Company's Selective Laser Sintering technology platform. 3D Systems expects this acquisition to be immediately accretive to its non-GAAP earnings in the first full year following the completion of the transaction. The Full Research Report on 3D Systems Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/7455_DDD]
EMCOR Group, Inc. Research Report
On June 17, 2013, EMCOR Group, Inc. (EMCOR) announced that it has entered into a definitive agreement to acquire RepconStrickland, Inc. (RepconStrickland), a provider of recurring turnaround and specialty services to the North American refinery and petrochemical markets. With revenues of approximately $400 million in 2012, the RepconStrickland platform includes five recognized brands with capabilities encompassing a broad spectrum of turnaround and specialty services, including shutdowns, overhauls, revamps, capital projects, engineering and constructability reviews, project management, welding services, refractory services, tower services, and emergency repair. EMCOR will acquire RepconStrickland in an all cash transaction valued at approximately $455 million from its shareholders, including its majority shareholder, an affiliate of the energy focused private equity fund ArcLight Capital Partners, LLC. According to EMCOR, the transaction (expected to close in early July 2013) is projected to be accretive to the Company's earnings for the balance of 2013 by approximately $0.10 per share, excluding transaction expenses, with significantly accelerated earnings per share contribution in 2014. EMCOR estimates transaction expenses to be between $6 million to $7 million. The Full Research Report on EMCOR Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/d4fc_EME]
Lincoln Electric Holdings, Inc. Research Report
On June 13, 2013, Lincoln Electric Holdings, Inc. (Lincoln Electric) announced that the Torreon manufacturing operations of Lincoln Electric Mexicana S.A. de C.V. (Lincoln Electric Mexicana) has earned ISO/TS-16949 certification. This certification is applicable to the design and manufacture of welding consumables. According to the Company, the ISO/TS-16949 certification enables Lincoln Electric Mexicana to mesh its quality systems with those of its automotive customers and suppliers and further its commitment to quality. The certification was issued through ABS Quality Evaluations, Houston TX, and is in effect from March 4, 2013. The Full Research Report on Lincoln Electric Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3f4b_LECO]
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SOURCE Wall Street Reports
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