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Article: HUGHES SUPPLY, INC. ANNOUNCES THE COMPLETION OF THE ACQUISITION OF ATLANTIC PUMP & EQUIPMENT COMPANY
- Article from:
- PR Newswire
- Article date:
- September 8, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORLANDO, Fla., Sept. 8 /PRNewswire/ -- Hughes Supply, Inc. (NYSE: HUG) announced today that it has completed its acquisition of Atlantic Pump & Equipment Company effective September 1, 1995.
This previously announced transaction was a cash transaction which will be accounted for using the purchase method of accounting and is expected to be anti-dilutive to earnings per share for the current year.
Atlantic Pump & Equipment Company is a distributor of pool products and equipment, water systems, pumps and irrigation equipment with three branch locations in Southeast Florida and a branch in ...