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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 28, 4:12 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

This Slide: #84 of 100

Slide #84. Art's Way Manufacturing Co., Inc. — Ohio Metal Working Products Company

Acquirer: Art's Way Manufacturing Co., Inc. (NASDAQ:ARTW)
Acquiree: Ohio Metal Working Products Company
Details: Art's Way Manufacturing Co., Inc. (NASDAQ: ARTW), a diversified, international manufacturer of equipment serving agricultural, research and water treatment, and Ohio Metal Working Products Company announce they have signed a letter of intent. The letter of intent calls for Ohio Metal Working Products Company to sell to Art's Way Manufacturing Co., Inc. the operating assets of Ohio Metal Working Products Company, doing business as American Carbide Tool Company http://www.americancarbidetool.com. Located in Canton, Ohio, Ohio Metal Working Products Company is the largest domestic manufacturer and distributor of standard single point brazed carbide tipped tools. They also provide PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools. They have over 50 years of tool making experience. The transaction is pending final agreement with closing expected within the next two weeks.

Arts Way Manufacturing is a manufacturer of agricultural equipment, modular science buildings and steel cutting tools. Co.'s operating segments are: Agricultural Products, which manufactures a variety of farm machinery under Co.'s own label, including stationary animal feed processing equipment, forage equipment, manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment; Modular Buildings, which produces, sells and leases modular buildings; and Tools, which produces and sells single point brazed carbide tipped tools as well as polycrystalline diamond and cubic boron nitride inserts and tools and original equipment manufacturer tools.

Open the ARTW Page at The Online Investor »

ARTW — Key Stats (updated Fri., Apr. 26, 10:29 AM)
Company Name:  Arts Way Manufacturing Co Inc
Website:  www.artsway-mfg.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding ARTW:  1
Total Market Value Held by ETFs:  $19922
Total Market Capitalization:  $10.00M
% of Market Cap. Held by ETFs:  0.20%
 

Open the ARTW Page at The Online Investor (in a new window) »
April 28, 2024  •  4:12 AM Eastern
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