Wheatland Tube In Talks To Be Sold

Wheatland Tube Co., Collingswood, N.J., is negotiating with a private-equity firm for a potential sale.

Now in the due diligence phase of the negotiations, Wheatland Tube could be sold sometime in the first quarter, if the deal closes, said Mark Magno, the company’s vice president of marketing, electrical and national accounts. He stressed that Wheatland Tube has not been sold, despite some reports in the industry. "It was really done to help fuel our next round of growth for the comp

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