Brief: Profire Energy Announces The Acquisition Of Millstream Energy Products

Profire Energy

18/06/2019 22:53

June 18 (Reuters) - Profire Energy Inc  PFIE.O :
    * PROFIRE ENERGY ANNOUNCES THE ACQUISITION OF MILLSTREAM
ENERGY
PRODUCTS
    * PROFIRE ENERGY INC - MEP WILL ALSO RECEIVE A 4.5% ROYALTY
ON
PROPRIETARY MEP PRODUCT REVENUE GENERATED DURING NEXT FIVE YEARS
    * PROFIRE ENERGY INC - ACQUISITION IS EXPECTED TO ADD
BETWEEN USD
$1 MILLION TO AND USD $2 MILLION TO COMPANY'S ANNUAL REVENUES.
    * PROFIRE ENERGY - TO PAY TOTAL PURCHASE PRICE OF $2.5
MILLION FOR
MEP'S PRODUCT LINE, INVENTORY, ACCOUNTS RECEIVABLE & PAYABLE,
DEBT & OTHER INTANGIBLES

Source text for Eikon:  ID:nGNX8QTprq 
Further company coverage:  PFIE.O 

 (Reuters.Briefs@thomsonreuters.com)