Headwaters Incorporated Acquires Tapco Holdings, Inc. (Business Wire)
- The acquisition of Tapco will further diversify Headwaters' cash flow stream away from revenue associated with Section 29 business activities. On a pro forma basis, Covol Fuels represents approximately 20% of Headwaters' revenue versus approximately 33% previously. In addition, Tapco's significant presence in the remodeling market and historical strength throughout economic cycles provides balanced exposure to both the new construction and home improvement markets. Consequently, we believe this transaction will increase the operating cash flows that Headwaters can use to de-lever and invest in growth opportunities such as HTI's nanotechnology.
From Kabbalah to catalysts. Nowhere else, folks.