Blount To Buy Woods Equipment For $185M

Law360, New York (August 17, 2011, 1:39 PM EDT) -- In a major boost to its agricultural business, outdoor equipment company Blount International Inc. announced Wednesday that it would acquire GenWoods HoldCo LLC and its wholly owned subsidiary Woods Equipment Co. for $185 million.

Portland, Ore.-based Blount said the transaction would be financed with cash on hand and borrowings under a revolving line of credit and is expected to close by the end of the third quarter if it wins approval from U.S. antitrust regulators.

"The acquisition of Woods significantly increases the scale of our farm,...
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