Mueller Industries, Inc. Announces Acquisition of PexCor and HeatLink Companies

Memphis, Tenn., June 6, 2017 -- Mueller Industries, Inc. (NYSE: MLI) is pleased to announce the acquisition of PexCor Manufacturing Company Inc. and HeatLink Group Inc., effective May 31, 2017. The Calgary, Canada based companies produce and sell a complete line of products for PEX plumbing and radiant systems. 

We are especially pleased to advise that the companies’ founders, Manfred and Garry Schmidt, will continue to lead the businesses and seek to expand the technical capabilities and geographical reach of PexCor / HeatLink systems.

The acquisitions support Mueller’s strategic plan to grow and strengthen its flow control product offerings in the area of pressure plastics.

Mueller Industries, Inc. is an industrial manufacturer that specializes in copper and copper alloy manufacturing while also producing goods made from aluminum, steel, and plastics. It is headquartered in Memphis, Tennessee and comprises a network of operations in the United States, Canada, Mexico, Great Britain, South Korea, and China. Its products include tubing, fittings, valves, vessels, and related items for plumbing and HVACR related piping systems, as well as rod, forgings, extrusions, and various components for OEM applications. Products are distributed into sectors such as building construction, appliance, defense, energy, and automotive.

Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company's SEC filings. The words “outlook,” “estimate,” “project,” “intend,” “expect,” “believe,” “target,” “encourage,” “anticipate,” “appear,” and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.

CONTACT: Jeffrey A. Martin, (901) 753-3226

Released June 6, 2017