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Hardinge Inc sells swiss workholding business


Thursday, 26 Dec 2013 04:05pm EST 

Hardinge Inc:Says the sale of its Swiss Forkardt workholding operations for initial consideration of about $5.9 million, net of cash remaining with the business.Says after a comprehensive sales process, the bidder was a private group that was led by management of the Swiss Forkardt business.Says the agreement includes a mutual two-year non-compete clause and the requirement that the Swiss operation discontinue use of the Forkardt brand after 12 months. 

Company Quote

8.67
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27 Jul 2015