Standex International to acquire Torotel.

International Resource News-December 3, 2019--Standex International to acquire Torotel

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International Resource News - 03 December 2019

Standex International Corporation, a multi-industry manufacturer in five broad business segments: Engraving, Electronics, Engineering Technologies, Hydraulics, and Food Service Equipment, has signed a contract to acquire magnetic component maker, Torotel.

The deal is valued at around USD48m in cash that includes the assumption of net debt of approximately USD1.4m. The transaction is likely to be completed in the first calendar quarter of 2020 and is subject to customary closing conditions and regulatory approvals, including the approval of Torotel shareholders.

Standex...

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