ATC Venture Group Inc. (AMEX:ATC) entered into an asset purchase agreement to acquire KW Manufacturing Co., Inc. for $0.5 million on August 10, 2012. The purchase includes certain assets, equipment, contracts, associated good-will for $0.5 million and a royalty agreement of 5% of sales of the KW product line for each of the next 5 years. The transaction is subject to ATC Venture's completion of its final due diligence investigation and audit, as well as other customary closing conditions.
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