Steel & Tube buys Composite Floor Decks for $13.3 mln

Fri, 14 Oct 2016

By Sophie Boot Oct. 14 (BusinessDesk) - Steel & Tube Holdings will buy Composite Floor Decks, which supplies and installs composite floor decking, for $13.3 million, with a further $3 million possible based on its performance over the next two years. The company has been Steel & Tube’s distributor and installer of composite metal floor decking since 2005, Steel & Tube said in a statement. It had 2016 revenue of $18 million and $4.3 million in earnings before interest, taxation, depreciation and amortisation, while the forecast for the 201...

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