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Slide #39. PMFG, Inc. — Assets of Combustion Components Associates, Inc.
PMFG, Inc. (PMFG)
Assets of Combustion Components Associates, Inc.
PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced it has reached a definitive agreement to acquire substantially all of the assets of Combustion Components Associates, Inc. ("CCA"), a leading provider of in-furnace and post-combustion control technologies. The acquisition is subject to customary closing conditions and is expected to close by April 30, 2014. The purchase price is approximately $8.9 million in cash plus performance-based contingent payments and will be funded with cash on hand.
PMFG is a holding company. Co. provides custom-engineered systems and products for the delivery of energy. Co. provides a range of separation and filtration products, selective catalytic reduction systems, selective non-catalytic reduction systems, low emissions burner and related combustion systems and other products including heat transfer equipment, pulsation dampeners and silencers. Co. has two reporting segments: process products, which produces systems and products that remove contaminants from gases and liquids; and environmental systems, which designs, engineers and installs systems for combustion modification, fuel conversions and post-combustion nitrogen oxide control.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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