Diversified manufacturer Handy & Harman Ltd., White Plains, N.Y., through a subsidiary, has acquired all outstanding shares of SL Industries, Mt. Laurel, N.J., maker of power electronics, motion control, power protection and power quality equipment. Handy offered SL shareholders $40 cash per share and reached the threshold of interested sellers representing 84.6% of outstanding shares.
Once the deal is done, SL Industries will become a wholly owned subsidiary of Handy & Harmon. Handy & Harmon is involved in a broad range of industrial and technical tubing and building materials businesses, ranging from brazing and fabrication products, stainless and low-carbon steel tubing, fiberglass and synthetic materials, fasteners and connectors for roofing and construction, and knives and saws for meat packing and processing.
About the Author
Doug Chandler, Senior Staff Writer
Executive Editor
Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.