CECO to acquire Flextor, AVC Specialists
Air pollution control and ventilation systems provider CECO Environmental Corp. (Nasdaq:CECE) said ahead of the opening it would buy Flextor Inc. and AVC Specialists Inc. Flextor is a Montreal-based supplier of engineered-to-order dampers and expansion joints. AVC Specialists is a Moorpark, Calif.-based manufacturer of electrostatic precipitator components. The company said it expects the acquisitions to be accretive to both revenue and earnings. The details of the transaction were not disclosed.
In today’s pre-market, shares are flat. The stock has ranged from $4.90 to $16.29 during the past year.
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