Blount Agrees to Acquisition

Blount International, Inc., announced last week it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC and P2 Capital Partners, LLC in an all-cash transaction valued at approximately $855 million.

The merger agreement includes a 50-day “go-shop” period which runs through January 28. During this period, a special committee, with the assistance of Blount's financial and legal advisors, will solicit alternative proposals to acquire Blount. Blount and the committee will not disclose developments with respect to the solicitation process until a decision.

Blount expects to maintain its corporate headquarters in Portland, Oregon and its existing global distribution and sales footprints. The proposed transaction is expected to close in the first half of 2016.

Blount International/Speeco Inc. – Member since 1967  speeco.com

Woods Equipment Company  woodsequipment.com S