The $200 million purchase price, subject to adjustment as provided in the purchase agreement, will be financed with availability under an existing $500 million revolving credit facility.
This company recently announced the addition of new mixing and blending equipment at the Ross Test & Development Center at the company’s Long Island, N.Y., headquarters.
The NexJet system includes new precision software control of the jetting process, reportedly enabling successful results with both low- and high-viscosity fluids.
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