|
|
Article: Flow International receives $5 million investment by Okura.
- Article from:
- PR Newswire
- Article date:
- January 12, 1990
CopyrightCOPYRIGHT 1990 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)
|
FLOW INTERNATIONAL RECEIVES $5 MILLION INVESTMENT BY OKURA
KENT, Wash., Jan. 12 /PRNewswire/ -- Flow International Corporation (NASDAQ: FLOW) announced today that its Japanese strategic partner, Okura & Co., has invested $5 million in Flow's preferred stock, with an annual dividend of 8 percent completing an agreement announced last month.
"Okura is a distributor for our products in Japan. In partnership with Okura, we have penetrated important markets and have become the leader in waterjet cutting and drilling systems in Japan. This investment by Okura further strengthens the strategic alliance between our two companies," said Dr. Y.H. (Michael) ...