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Article: Varlen Completes Two Acquisitions for Its Railroad Products Business

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PR Newswire
Article date:
November 4, 1997
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NAPERVILLE, Ill., Nov. 4 /PRNewswire/ -- Varlen Corporation (Nasdaq: VRLN), a leader in transportation products and petroleum analyzers, today announced it acquired one company in Germany and another in the Czech Republic to foster the vertical integration and growth of its international railroad products operations. While Varlen did not disclose the purchase price, it said both acquisitions were cash transactions that did not require additional debt.

Varlen purchased the railroad products business of Ringfeder, GmbH, a subsidiary of Sweden's VBG Produkter AB. Ringfeder is located in Krefeld, Germany. Varlen also acquired the railroad products division of ...

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