Cemtrex To Acquire A Mechanical Contracting And Steel Fabrication Company For $2.4M In Cash And A Note; Real Estate Busines sPurchases Is Also Being Purchased For $1.5M
Portfolio Pulse from Benzinga Newsdesk
Cemtrex plans to acquire a mechanical contracting and steel fabrication company for $2.4 million in cash and a note. Additionally, a real estate business purchase is being made for $1.5 million.
June 08, 2023 | 12:32 pm
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Cemtrex is acquiring a mechanical contracting and steel fabrication company for $2.4M and a real estate business for $1.5M.
The acquisition of the mechanical contracting and steel fabrication company, as well as the real estate business, will likely expand Cemtrex's portfolio and potentially increase its revenue. This news is expected to have a positive short-term impact on CETX's stock price.
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