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Article: Acrobe Automation Technology Inc. acquires Mills International Supply Co.
- Article from:
- PR Newswire
- Article date:
- March 4, 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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DENVER, Feb. 14 /PRNewswire/ -- The board of directors and officers of Acrobe Automation Technology Inc. (NASDAQ: ACRBU) todayy announced the formal completion of Acrobe's acquisition of Mills International Supply Co. (MISC).
George Mills of MISC, became the company's new president, Dan Grunfeld its chief operations officer and Charles Adams its chief financial officer. Both Mills and Grunfeld also were elected to the company's board of directors.
Audited financials for MISC for the three-year period ended Dec. 31, 1985, reflect cumulative sales of $1,819,735 with pretax profits of $403,437 before consideration of Mills's personal compensation. The ...