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Manitex International Inc Completes Acquisition of Sabre Manufacturing LLC

Monday, 19 Aug 2013 04:01pm EDT 

Manitex International Inc announced that it has completed the previously announced acquisition of the business of Sabre Manufacturing LLC, a Knox, Indiana-based manufacturer of specialized tanks for liquid storage and containment solutions for a variety of end markets such as petrochemical, waste management and oil and gas drilling. The $14 million purchase consideration is comprised of $13 million in cash, being provided from the Company's bank credit line with Comerica, and $1 million in Manitex common stock. The acquisition closed on August 19, 2013 and is expected to be accretive to Manitex International's earnings in 2013. 

Company Quote

-0.24 -3.03%
1:56pm EDT