| To: richardred who wrote (4778) | 3/1/2018 1:35:29 PM | | From: richardred | | | | RE-CECE speculation I'm assuming this 4 Million $ division was sold at a premium. This given it's focus on drinking water food & beverage market. It will be interesting to see what or if any one time gains are booked moving forward.
CECO Environmental Announces The Sale Of Keystone Filter Moving Forward with CECO's Portfolio Management Strategy
DALLAS, March 1, 2018 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE) a global leader in air quality and fluid handling, today announced the sale of its Keystone Filter brand and products to Porvair plc. Terms were not disclosed.
The Keystone brand recorded revenue of approximately $4.0M in its last full year and is focused on the drinking water and the food and beverage markets in the USA.
The sale of Keystone is a step in progressing CECO's portfolio management strategy to ensure the business is aligned to increase its focus on better serving the industrial air quality improvement and fluid handling markets.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain and provide custom engineered solutions for applications including oil and gas, power generation, water and wastewater, battery production, poly silicon fabrication, chemical and petrochemical processing along with a range of others. CECO is listed on Nasdaq under the ticker symbol "CECE". For more information, please visit www.cecoenviro.com.
prnewswire.com
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| From: richardred | 3/1/2018 1:46:06 PM | | | | | | RE-RELY At .22 cents I left this one for dead. Possible AL Tarriff maybe a breath of life?
RELY-Real Ind. filed chapter 11. I knew going in this company was very risky. I was figuring early on, the price of scrap aluminum would turned this company around. Never happened soon enough, plus the hurricane in Houston hurt some of their operations. |
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| To: richardred who wrote (4456) | 3/4/2018 8:05:04 AM | | From: richardred | | | | RE-ASV speculation It appears MNTX is scaling out of it's ASV stake. I found it a little surprising they sold at this point in time. MNTX sold 1 million ASV shares @ 7 below the market trading range of 8. The proceeds should help MNTX reduce debt even more should they choose to do so. They also have some million more ASV shares left should they decide to scale out altogether. IMO this gives credence on a new theory. I'm Guessing Possibly a privately equity firm looking at ASV down the road? This especially if MNTX scales out altogether. However TEX/TEREX should have a big say in whatever happens
P.S. MNTX 8k snip>separately negotiated transactions with unrelated institutional purchasers on February 26, 27 and 28, 2018, each at $7.00 per share. The sales were effected pursuant to a resale registration statement on Form S-1 (File No. 333-222142) filed by ASV and declared effective by the Securities and Exchange Commission on December 22, 2017. Following the sales, the Company owns 1,080,000 shares of common stock of ASV.
Looks like TEX took a stake in MNTX. I am a former ASVI holder and TEX holder. This venture with the TEX investment in MNTX should give TEX about an 8% stake. CAT owned a big piece of ASVI which TEX eventually bought out. IMO if the venture works out well. I can see TEX wanting the whole thing.
Message 24210981
RE- GEHL was eventually acquired by manitou
forbes.com
Message 27684600 Message 31122858 |
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