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P&F Industries Inc acquires Exhaust Technologies Inc

Wednesday, 2 Jul 2014 10:00am EDT 

P&F Industries Inc:Acquires all of the outstanding equity interests of Exhaust Technologies, Inc. (ETI) through a merger of a newly formed subsidiary of P&F with and into ETI.Purchase price, taking into effect a working capital adjustment, consisted of about $10,377,000 in cash.Acquired company will operate under the control of P&F's subsidiary, Florida Pneumatic Manufacturing Corporation, located in Jupiter, Florida. 

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