HARVEY, Ill.–(BUSINESS WIRE)–Atkore International Group Inc. announced the pricing of an initial public offering of 12,000,000 shares of common stock by selling stockholder CD&R Allied Holdings, L.P., an affiliate of Clayton, Dubilier & Rice, LLC, at a public offering price of $16.00 per share. The Company will not receive any proceeds from the sale of shares being sold in this offering. The shares are expected to begin trading on the New York Stock Exchange on June 10, 2016 under the ticker symbol ATKR. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock.
The offering is being made through an underwriting group led by Credit Suisse, Deutsche Bank Securities and J.P. Morgan, who are acting as joint book-running managers and as representatives of the underwriters for the offering. UBS Investment Bank, Citigroup, RBC Capital Markets and Wells Fargo Securities are acting as additional book-running managers for the offering.
About Atkore International Group Inc.
Atkore International Group Inc. is a leading manufacturer of Electrical Raceway products primarily for the non-residential construction and renovation markets and Mechanical Products & Solutions for the construction and industrial markets. The company manufactures a broad range of end-to-end integrated products and solutions that are critical to its customers’ businesses and employs approximately 3,100 people at 51 manufacturing and distribution facilities worldwide. The company is headquartered in Harvey, Illinois.