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Article: Acrobe Automation Technology signs letter of intent to acquire Mills International Supply Co.
- Article from:
- PR Newswire
- Article date:
- January 27, 1986
CopyrightCOPYRIGHT 1986 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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JUPITER, Fla., Jan. 27 /PRNewswire/ -- Acrobe Automation Technology Inc. (NASDAQ: ACRBU) today announced the company has signed a letter of intent to acquire the Mills International Supply Co., a private California company.
Under terms of the proposed acquisition as now discussed, Acrobe would acquire all the assets, tooling, marketing lists and rights, and manufacturing of Mills.
For the past three years, Mills' cumulative gross sales were approximately $1.7 million, with pretax profits of approximately $400,000 for the same three-year period. These figures, although unaudited, represent the figures reported by Mills in the company's IRS tax ...