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SHUGART OWNS KENNEDY Co

Shugart Corp, Irvine, California, has completed acquisition of quarter inch cartridge and half inch reel-to-reel tape drive manufacturer Kennedy Co from Allegheny International for a reported $36m. Ken-nedy is to remain in its present premises in Monrovia, California; its $40m to $50m annual sales are expected to double Shugart’s size.

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CBR Staff Writer

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