The acquisition of Trump Equipment will add 48 full-time employees to Hawk Manufacturing, and also add more than $15 million in annual revenues and EBITA of more than $2 million to Hawk Manufacturing.
GLER reports that HAWK's pending NQM, Inc. acquisition has strength in this current economic environment, as they have added over 250 new aerospace part numbers to their production schedule this current calendar year.
HAWK is acquiring companies that manufacture complementary products. When combined, these acquisitions would allow for the sharing of resources and provide customer diversification opportunities. HAWK intends to keep all manufacturing US-based preserving and expanding well-paying US jobs and proving a world-class manufacturing company can be built with US-employees. Hawk Manufacturing intends to use existing credit facilities for more than $25 million to complete transactions and intends to work with various states and local governments and finance authorities on tax incentives, and direct benefits that could top more than $40 million over the life of the company.
Should easily reach multi-pennies even if all 2B authorized were outstanding. I can see why people are calling for .01 by weeks end.
