Business Services Industry
Port Washington, Wis., Manufacturer to Double Sales with Acquisition.
Knight Ridder/Tribune Business News, October, 2002
By Thomas Content, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Oct. 24--Simplicity Manufacturing of Port Washington would double its sales and expand its reach in the southern United States under a deal announced Wednesday to acquire Snapper Inc. of McDonough, Ga.
The acquisition, which is subject to antitrust review and other conditions, is expected to close within 30 days. Under the agreement, Simplicity plans to pay $73.3 million in cash and assume certain liabilities of Snapper, including accounts payable and warranty costs.
The deal marks the first acquisition in nearly two years for the Port Washington manufacturer.
Simplicity bought Ferris Industries, a Munville, N.Y.-based maker of commercial mowers,...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express