Smith-Midland Corp. (SMID)

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Hi littlefish, I was wondering if $SMID was acquiring an existing business in Columbia SC or have they been
building the plant/facility on this property?
And what do they gain by purchasing the property, I guess what I mean is, does their lease restrict them in some form.


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The new State and National highway construction bills that have been passed recently have resulted in a significant amount of sales orders, helping to generate our $20 million backlog for the next 12 months. This includes a $3.5 million barrier order currently in production at the Columbia Precast Plant under a lease agreement with the current owner until the purchase closes. Closing is expected within three weeks. This barrier order will help kick-start the upcoming purchase of the Columbia, South Carolina plant which will further our expansion into the Southeast region of the United States.
http://finance.yahoo.com/news/smc-announces-financial-results-three-203900207.html

Bought some shares 2.30s last week liking what I see so far