New Berlin-based Velvac Holdings Inc. has been acquired by Naugatuck, Connecticut-based The Eastern Co. for $39.5 million, plus an earnout based on the growth of Velvac’s Road-iQ business. Velvac was ...
NAUGATUCK, Conn.--(BUSINESS WIRE)--The Eastern Company (“Eastern”) (NASDAQ:EML) today announced that it has reached an agreement to acquire 100% of the outstanding shares of Velvac Holdings (“Velvac”) ...
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