Envela Corporation Announced That It Has Entered Into An Agreement To Acquire Steven Kretchmer, Inc; Transaction Funded By Cash On Hand And Will Operate As Subsidiary Within Envela's Consumer Division
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Envela Corporation has announced its agreement to acquire Steven Kretchmer, Inc. The transaction will be funded by cash on hand and the acquired company will operate as a subsidiary within Envela's Consumer Division.
September 14, 2023 | 1:20 pm
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Envela Corporation's acquisition of Steven Kretchmer, Inc could potentially strengthen its Consumer Division.
Acquisitions often provide the acquiring company with additional resources or capabilities that they did not possess before. In this case, Envela Corporation's acquisition of Steven Kretchmer, Inc could potentially strengthen its Consumer Division, which could lead to increased revenues and profitability in the future.
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