Ten Oaks Group to acquire Master-Bilt and Nor-Lake from Standex

Standex Refrigerated Solutions Group reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group. The closing is expected within 45 days.

“Standex determined that the Refrigerated Solutions Group (RSG), specifically the Master-Bilt and Nor-Lake brands, no longer aligns with its long-term strategy.”achrnews.com

• 2 sources
• achrnews.comStandex Refrigerated Solutions Group Sells Master-Bilt and Nor-Lake | 2020-03-16 | ACHR NewsBy: Matt JachmanMar 16, 2020
• marketscreener.comTen Oaks Group completed the acquisition of Refrigerated Solutions Group of Standex International Corporation.MarketScreenerApr 15, 2020

Summarized from public sources; check the original articles before acting on it.