20 Dec '12, 12pm

#GraphiteStocks Vishay Precision Group to acquire George Kelk: Vishay Precision Group to acq... #NYSE #NASDAQ #DOW

Vishay Precision Group (VPG) Inc., producer of precision sensors and systems has signed a definitive agreement to acquire the assets of Toronto-based George Kelk Corp , a privately held designer and manufacturer of mission critical electronic measurement and control equipment. “This acquisition follows our corporate growth strategy and allows us to expand our existing product portfolio of complementary products that use resistive foil technology,” says Marc Zandman, Chairman of the Board of VPG. The acquisition is expected to close by January 31, 2013, subject to the satisfaction of customary conditions. Kelk’s equipment is used by metals rolling mills and mining applications throughout the world. “Kelk’s products are complementary to our process weighing market sector for weighing and force measurement applications in the steel industry, where we are present with our two ...

Full article: http://www.ept.ca/news/vishay-precision-group-to-acquire-...

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