Crawford United Corporation (OTCPK:CRAW.A) acquired substantially all the assets of Knitting Machinery Corp. for $1.4 million.
The acquisition is expected to add less than $2 million in annualized revenue and be immediately accretive to earnings. Terrence F. Doyle of Calfee, Halter & Griswold LLP acted as legal advisor to Crawford and Brian J. Green of Shapero & Green LLC acted as legal advisor to KMC
Crawford United Corporation (OTCPK:CRAW.A) completed the acquisition of substantially all the assets of Knitting Machinery Corp. (KMC) on May 1, 2022.