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East Penn Manufacturing Co. acquired a majority stake in Navitas Systems, a forklift battery maker. Terms were not disclosed. Navitas will continue to operate from Ann Arbor, Michigan.
East Penn Manufacturing will expand its finishing distribution center operations in Temple, Texas, with a new facility, over $106 million in capital investment, and creation of 266 new jobs.
| Site | Largest | Latest |
|---|---|---|
| Temple, United States | $106.0M | 2018-11-14 |