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Article: Blount Signs Agreement to Purchase the Assets of Windsor Forestry Tools Inc.
- Article from:
- PR Newswire
- Article date:
- September 28, 2000
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MONTGOMERY, Ala., Sept. 28 /PRNewswire/ --
Blount International, Inc. (NYSE: BLT) ("Blount") today announced the signing of a definitive agreement to purchase the assets of Windsor Forestry Tools Inc. ("Windsor"), located in Milan, Tennessee. Windsor, which had sales of approximately $17 million for the twelve months ended June 30, 2000, manufactures cutting chain and guide bars for chain saws and commercial timber harvesting equipment. The business, which includes a modern 60,000 square foot manufacturing facility, will become part of Blount's Outdoor Products Group. The purchase is expected to close within one month.
Commenting on the acquisition, Mr. ...