Jul 19, 2007

Williams Scotsman Makes Huge Move In Modular Business

What is new in Modular business

Williams Scotsman announced today that it has agreed to be acquired by the parent company of a French modular construction firm in a deal valued at $2.2 billion.

I just received this from the Baltimore Business Journal:

Baltimore-based Williams Scotsman, a modular business (NASDAQ: WLSC), which provides mobile storage containers and modular office structures to the construction industry, is fetching $1.24 billion in cash, or $28.25 per share, in the deal with Ristretto, the Luxembourg-based parent company of Algeco, considered a leader in the European space rental market.

2007 has been a huge year for the modular building industry.

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