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March 7, 1997updated 05 Sep 2016 12:35pm

UK COMPANY, EUROTHERM TO ACQUIRE LFE INDUSTRIAL SYTEMS

By CBR Staff Writer

UK company, Eurotherm Plc is to pay $12.5m cash for the Clinton, Massachusetts-based engineering firm LFE Industrial Systems Corp of Mark IV Industries Inc. LFE forecasts profits of $1.8m for the year to last month on revenue of $10m. Net assets stood at $1.2m. It designs, makes and sells thickness gauges for industrial process industries.

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