Modine Manufacturing to Acquire LBW Holding Corp.

Modine Manufacturing Company entered into an Agreement and Plan of Merger to acquire LBW Holding Corp. through a merger of a wholly owned subsidiary into LBW Holding. The aggregate closing consideration is approximately $112 million, subject to adjustments, and the transaction is expected to close on or about May 31, 2025.

“On May 29, 2025, Modine Manufacturing Company (“Modine”) entered into an Agreement and Plan of Merger (the “Agreement”) by and among Modine, LBW Holding Corp. (“LBW Holding”), Tyrolean Holding Corp., a wholly owned subsidiary of Modine (“Acquisition Sub”), and Mason Wells Buyout Fund IV, LP, as Stockholders Agent. Pursuant to and subject to the terms and conditions of the Agreement, Acquisition Sub will be merged with and into LBW Holding (the “Merger”) and, at the effective time of the Merger (the “Effective Time”), the separate existence of Acquisition Sub will cease and LBW Holding will be the surviving corporation in the Merger and a wholly owned subsidiary of Modine.”

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