CECO Environmental to buy Met-Pro for $210 million

April 22 Mon Apr 22, 2013 8:24am EDT

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April 22 (Reuters) - CECO Environmental Corp said it will buy Met-Pro Corp for $210 million to become the world's largest maker of air pollution control products.

CECO Environmental will pay Met-Pro shareholders $13.75 per share, representing a premium of 43 percent to its Friday's closing.

The price includes $7.25 per share in cash and $6.50 per share in CECO common stock, the companies said.

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