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Security Profile
- Security Type
- Common Stock
- CUSIP
- 452848401
- Market Cap
- Micro Cap · $2 Million
Business: Imperial Industries, Inc. Founded in 1968, through its subsidiaries, Premix-Marbletite Manufacturing Co. and Just-Rite Supply, Inc., is engaged in the manufacture and distribution of building materials throughout the Southeastern United States. Premix-Marbletite Manufacturing Co. is a manufacturer and marketer of pool finish products, stucco products, roof tile mortar and plaster products. The manufactured products are used for the finish coatings of in-ground swimming pools, coatings for interior and exterior walls, and as mortars, for the attachment of ement roof tiles. Their subsidiary, Just-Rite Supply, Inc., owns and operates there distribution facilities. They distributes gypsum, roofing, stucco, masonry, millwork, insulation and other building products to sub-contractors and builders.
Notes: October 17, 2012, pursuant to the terms of the Merger Agreement, QEP completed the acquisition of the Company through the merger of Merger Sub with and into the Company, with the Company continuing as the surviving corporation and a wholly-owned subsidiary of QEP. As a result of the Merger, each share of the Company’s common stock issued and outstanding immediately prior to the effective time of the Merger was automatically converted into the right to receive $0.30 cash per share. Additionally, each stock option granted under any Company stock plan and outstanding immediately prior to the Effective Time was converted into the right to receive the Merger Consideration less the exercise price for the option. Based on the aggregate number, immediately prior to the Effective Time, of outstanding (i) shares of Common Stock and (ii) stock options with an exercise price less than the Merger Consideration, the total purchase price paid pursuant to the Merger was approximately $770,000.
Company Contact
- COO
- Howard L. Ehler, Jr.
- CFO
- Steven M. Healy, CPA
- Headquarters
- 1259 N W 21st Street, Pompano Beach, FL 33069
- Phone
- 954-917-4114
- Investor Relations
- 954-917-4114 · information@imperialindustries.com