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Vishay Precision Group Inc To Acquire George Kelk Corporation

Tuesday, 18 Dec 2012 09:16pm EST 

Vishay Precision Group Inc announced the signing of a definitive agreement to acquire the assets of George Kelk Corporation (KELK), of Toronto Canada, a privately held company. The acquisition is expected to close by January 31, 2013. The purchase price for this business is approximately CAD50 million, subject to customary post-closing adjustments. VPG will finance the acquisition through a combination of cash on hand and third party borrowings. KELK experienced an average of approximately CAD30.0 million in annual net sales and an average of approximately CAD8.0 million in annual EBITDA over the last two years. 

Company Quote

0.29 +1.81%
23 Oct 2014