MILLER INDUSTRIES ANNOUNCES ACQUISITION OF OMARS

CHATTANOOGA, Tenn., Dec. 2, 2025 /PRNewswire/ — Miller Industries, Inc. (NYSE: MLR) (“Miller Industries” or the “Company”), the Global’s Greatest Producer of Towing and Fix Apparatus, lately introduced that it has finished the purchase of Omars – S.p.A (“Omars”), a fashion designer 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 positive pre- and post-closing changes for coins and web operating 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 emblem, offering alternatives for Miller Industries to extend marketplace percentage within the area. This acquisition will handover Miller Industries with backup capability which the Corporate expects will support its production flexibility and its talent to satisfy rising buyer calls for. Omars’ annual earnings for 2024 used to be roughly $27 million and the transaction is anticipated to be accretive in hour one.

Leading Government Officer, William G. Miller II, mentioned, “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.”

Sure statements on this information loose is also deemed to be forward-looking statements, as outlined within the Non-public Securities Litigation Reform Occupation of 1995. Ahead-looking statements may also be known by way of the importance of phrases corresponding to “may”, “will”, “should”, “could”, “continue”, “future”, “potential”, “believe”, “project”, “plan”, “intend”, “seek”, “estimate”, “predict”, “expect”, “anticipate” and related expressions, or the destructive of such phrases, or alternative similar terminology and come with with out limitation any statements in relation to the affect and good fortune of the Corporate’s acquisition of Omars, together with statements in relation to the Corporate’s top-line enlargement and profitability, in addition to the Corporate’s production capability and plans to increase during Europe. Ahead-looking statements additionally come with the suppositions underlying or in relation to any of the foregoing statements. Such forward-looking statements are made in response to our control’s ideals in addition to suppositions made by way of, and data these days to be had to, our control. Our untouched effects would possibly vary materially from the effects expected in those forward-looking statements because of, amongst alternative issues: our dependence upon outdoor providers for attribute 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, attribute portions or chassis; our consumers’ and towing operators’ get entry to to capital and credit score to investmrent purchases; the implementation of untouched or greater price lists and any ensuing business wars and any ensuing macroeconomic confusion; the emerging prices of kit 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 worth of worn vehicles; macroeconomic tendencies, availability of financing, and converting rates of interest; our consumers’ talent to investmrent purchases of our merchandise will increase in the price of professional exertions; the cyclical nature of our business and adjustments in client self belief and in financial statuses on the whole; particular dangers from our gross sales to U.S. and alternative governmental entities thru high contractors; adjustments in gasoline and alternative transportation prices, insurance coverage prices and climate statuses; adjustments in govt rules, together with environmental and fitness and protection rules; failure to conform to home and international anti-corruption regulations; pageant in our business and our talent to draw or store consumers; our talent to manufacture or gain proprietary merchandise and era; assertions towards us in relation to highbrow quality rights; adjustments within the tax regimes and connected govt insurance policies and rules within the international locations wherein we function; the consequences of rules in relation to battle minerals; the wretched lack of one among 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 huge of our insurance plans; possible recollects of elements or portions manufactured for us by way of providers or possible recollects of faulty merchandise; an incapability to obtain insurance coverage at commercially affordable charges; a disruption in, or breach in safety of, our data era techniques or any violation of knowledge coverage regulations; and the ones alternative dangers mentioned in our filings with the Securities and Trade Fee, together with the ones dangers mentioned underneath the caption “Risk Factors” in our Annual File on Mode 10-Ok for the hour ended December 31, 2024 and next Quarterly Experiences on Mode 10-Q, which dialogue is included herein by way of this reference. Such elements aren’t unique. We don’t adopt to replace any forward-looking remark that can be made out of life to life by way of, or by and for, the Corporate.

SOURCE Miller Industries, Inc.