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Stock impact report

AeriTek Acquires Federal Industries, Significantly Bolstering U.S. Presence [Yahoo! Finance]

Standex International Corporation (SXI) 
Last standex international corporation earnings: 2/3 04:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.standex.com
Company Research Source: Yahoo! Finance
Capital"), announced today the acquisition of Federal Industries, LLC ("Federal") in a carve-out transaction from Standex International Corporation (NYSE: SXI). Federal is a leading U.S.-based manufacturer of refrigerated, heated and ambient food and beverage merchandising display cases serving customers across a diverse set of foodservice end markets including convenience stores, schools, specialty retail and restaurants. The acquisition of Federal represents a significant milestone for AeriTek, deepening its footprint in the U.S. foodservice market and adding domestic manufacturing capabilities. The addition of Federal strengthens AeriTek's position in the high-growth U.S. foodservice channel, adding an expansive network of dealer relationships and a national go-to-market infrastructure. Federal's vertically integrated manufacturing facility in Belleville, Wisconsin provides AeriTek with strategic U.S. production capacity. The combined platform will leverage an expanded product po Show less Read more
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