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Simpson completes Dura-Vent sale

Pleasanton, Calif.-based Simpson Manufacturing announced that on Aug. 31 it completed the sale of Simpson Dura-Vent to M&G Dura-Vent, a newly formed, wholly owned, indirect subsidiary of M&G Holding B.V.

The purchase price was $27.7 million.

Simpson designed and manufactured venting systems for gas and wood burning appliances. Netherlands-based M&G Holding manufactures and distributes venting systems for the European market.

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