Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Dover Acquires Anthony International

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Dover (NYSE: DOV  ) has acquired specialty manufacturer Anthony International, Dover announced in a press release. The company paid $602.5 million to private equity company Avista Capital Partners for the acquisition.

Anthony International -- based in California but with operations in Italy, China, and South Africa -- is a manufacturer of glass doors and related equipment for the refrigeration industry. Dover said its 2012 revenue is estimated at around $310 million. The acquisition is expected to be dilutive by around $0.02 per Dover share, and then "modestly accretive" to EPS thereafter.

Dover President and CEO Bob Livingston was quoted in the press release as saying the acquisition "expands our product portfolio and enhances our service offerings, which will enable us to help our customers improve their energy efficiency and profitability. "

Dover shares closed at $63.59 following the announcement, $0.42 down on the day.

Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2135232, ~/Articles/ArticleHandler.aspx, 8/25/2016 4:25:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,448.41 -33.07 -0.18%
S&P 500 2,172.47 -2.97 -0.14%
NASD 5,212.20 -5.49 -0.11%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/25/2016 4:00 PM
DOV $73.69 Up +0.08 +0.11%
Dover CAPS Rating: ***