Elgi Equipment's US arm to acquire 33.33% stake in CS Industrial Services

Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.

“The company will acquire class A shares of $1,00,000 and class B shares of $25,000 and it is expected to be completed till 31th march 2023.”business-standard.com

• 1 source
• business-standard.comElgi Equipment gains after US arm to acquire stake in CS IndustrialMar 13, 2023

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