Date of Report (Date of earliest event reported)
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March 25, 2015
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Delaware
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1-6770
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25-0790410
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(State or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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8285 Tournament Drive, Suite 150
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Memphis, Tennessee
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38125
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(Address of principal executive offices)
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(Zip Code)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01
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Regulation FD Disclosure.
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ITEM 9.01
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Financial Statements and Exhibits.
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MUELLER INDUSTRIES, INC.
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By:
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/s/ Jeffrey A. Martin
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Name:
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Jeffrey A. Martin
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Title:
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Chief Financial Officer and Treasurer
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Date: March 25, 2015
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Exhibits
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Description
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99.1
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Letter to Shareholders
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Ø
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After three years of ongoing development and investment, we completed the installation of the equipment planned for our Port Huron, Michigan rod mill modernization initiative. All of the equipment is in place; commissioning and debugging are underway.
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Ø
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We completed the installation of our first PEX plastic pipe production facility. This initiative had been in the planning and investment process for the past two years, and as of December, the facility was production-ready. We received regulatory approval from the National Sanitation Foundation in February of this year which allows us to begin to commercialize the product.
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Ø
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We successfully and fully integrated our busbar investment, having connected the drawing and finishing equipment we acquired in 2012 with the casting and extruding capabilities of our Belding, Michigan mill. We are now a growing participant in the worldwide markets for power connectivity and conductivity infrastructure.
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Ø
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We made significant progress in completing the integration and rationalization of the two copper mills we acquired in late 2013 and early 2014 – the Howell Copper Tube and Lineset business, here in the U.S., and the Yorkshire Copper Tube business in the U.K. Both have progressed as planned, and we expect both businesses to contribute positively in 2015.
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Ø
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We opened a sales office in Dubai, where we can now be present to facilitate expansion into areas adjacent to the Middle Eastern countries where Mueller Industries has built strong customer networks and brand loyalty.
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Ø
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As we continue to identify challenged or non-strategic businesses, we executed two important divestitures:
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o
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In November, we sold our European Primaflow business – a business that presented a number of long-term conflicts for our overall U.K. business.
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o
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In December, we moved to exit and sell the assets of the ABS plastic pipe business, following a number of years of challenged profitability in this business.
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Ø
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Invest to be low cost in our Core
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Ø
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Invest to grow in areas that leverage and augment our Core of value-added products
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Ø
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Invest to plant seeds to build new competencies and capabilities for the future
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Ø
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Identify and temper risks in our businesses.
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-D