Arts Way To Purchase Agro Trend
Art’s Way Manufacturing Co., Inc., Armstrong, IA, and Rojac Industries, Inc. announced they have signed a letter of intent. The letter of intent calls for Rojac Industries, Inc. to sell to Art’s Way Manufacturing Co., Inc. the operating assets of its Agro Trend Manufacturing division, an agricultural machinery distributor and manufacturer of snow blowers, trailers, and running gears located in Clifford, Ontario, Canada.
The transaction is pending final agreement with closing expected during May of 2013.
J. Ward McConnell Jr., Chairman of the Board of Directors said, “The synergies between the two companies will contribute to growth and expansion of Art’s Way business portfolio and asset base.”
Art’s Way, Association Member since 1961; artsway-mfg.com.