CHATTANOOGA, Tenn., Dec. 2, 2025 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (“Miller Industries” or the “Company”), the Global’s Biggest Producer of Towing and Healing Apparatus, lately introduced that it has finished the purchase of Omars – S.p.A (“Omars”), a clothier and producer of towing and cure cars, in an all-cash transaction for an mixture acquire worth of roughly €17.5 million, or $20.3 million, matter to sure pre- and post-closing changes for coins and web running capital.
Omars, headquartered in Cuneo, Italy, has over 45 years of enjoy in production light-duty, medium-duty and heavy-duty automobile carriers and cure cars. With a extremely complementary product portfolio, this acquisition expands Miller Industries’ footprint within the Ecu marketplace with an backup well-recognized Ecu logo, offering alternatives for Miller Industries to extend marketplace percentage within the patch. This acquisition will lend Miller Industries with backup capability which the Corporate expects will enhance its production flexibility and its talent to fulfill rising buyer calls for. Omars’ annual earnings for 2024 used to be roughly $27 million and the transaction is predicted to be accretive in pace one.
Important Govt Officer, William G. Miller II, said, “This acquisition is a milestone in our plans to expand our footprint in current and new global markets. As we continue to deploy our capital allocation strategy, we remain open to global growth opportunities, while continuing to return capital directly to our shareholders through our quarterly dividend and our share repurchase program. Omars is a strong strategic fit for Miller Industries. With its modern manufacturing facility, strong sales team, and experienced senior staff, we anticipate that the Omars acquisition will provide benefits to both our top-line growth and our profitability.”
Mr. Miller II, concluded, “Omars has a reputation of providing its customers with high quality and reliable products across all platforms. The combination of our existing global engineering and manufacturing resources with those of Omars will prove incredibly valuable as we look to expand throughout Europe. We look forward to working with the entire Omars team to provide a world class experience for all of our existing Miller Industries and Omars customers.”
Positive statements on this information loose could also be deemed to be forward-looking statements, as outlined within the Personal Securities Litigation Reform Business of 1995. Ahead-looking statements may also be known through the worth of phrases reminiscent of “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and related expressions, or the unfavourable of such phrases, or alternative similar terminology and come with with out limitation any statements on the subject of the affect and good fortune of the Corporate’s acquisition of Omars, together with statements on the subject of the Corporate’s top-line expansion and profitability, in addition to the Corporate’s production capability and plans to make bigger all over Europe. Ahead-looking statements additionally come with the guesses underlying or on the subject of any of the foregoing statements. Such forward-looking statements are made in response to our control’s ideals in addition to guesses made through, and data recently to be had to, our control. Our original effects would possibly range materially from the consequences expected in those forward-looking statements because of, amongst alternative issues: our dependence upon out of doors providers for trait portions, chassis and uncooked fabrics, together with aluminum, metal, and petroleum-related merchandise leaves us matter to adjustments in worth and availability, the cadence and batch of deliveries from our providers, and delays in receiving provides of such fabrics, trait portions or chassis; our consumers’ and towing operators’ get right of entry to to capital and credit score to charity purchases; the implementation of fresh or greater price lists and any ensuing industry wars and any ensuing macroeconomic hesitation; the emerging prices of apparatus possession, together with proceeding will increase in insurance coverage premiums and increased rates of interest that experience added price pressures to our finish customers, and fluctuations within the price of worn vehicles; macroeconomic traits, availability of financing, and converting rates of interest; our consumers’ talent to charity purchases of our merchandise will increase in the price of professional hard work; the cyclical nature of our business and adjustments in client self assurance and in financial situations basically; particular dangers from our gross sales to U.S. and alternative governmental entities via top contractors; adjustments in gasoline and alternative transportation prices, insurance coverage prices and climate situations; adjustments in govt rules, together with environmental and fitness and protection rules; failure to conform to home and international anti-corruption regulations; festival in our business and our talent to draw or keep consumers; our talent to build or achieve proprietary merchandise and generation; assertions towards us on the subject of highbrow component rights; adjustments within the tax regimes and linked govt insurance policies and rules within the nations through which we perform; the results of rules on the subject of struggle minerals; the tragic lack of considered one of our production amenities; environmental and fitness and protection liabilities and necessities; lack of the products and services of our key executives; product guaranty or product legal responsibility claims in abundance of our insurance policy; attainable recollects of parts or portions manufactured for us through providers or attainable recollects of faulty merchandise; an lack of ability to obtain insurance coverage at commercially cheap charges; a disruption in, or breach in safety of, our knowledge generation methods or any violation of information coverage regulations; and the ones alternative dangers mentioned in our filings with the Securities and Change Fee, together with the ones dangers mentioned below the caption “Risk Factors” in our Annual File on Method 10-Ok for the pace ended December 31, 2024 and next Quarterly Studies on Method 10-Q, which dialogue is included herein through this reference. Such elements aren’t unique. We don’t adopt to replace any forward-looking remark that can be produced from age to age through, or by and for, the Corporate.
SOURCE Miller Industries, Inc.
