Air Industries Group to acquire Nassau Tool Works.
Air Industries Group Inc (PINKSHEETS:AIRI) on Tuesday announced that it has entered into an agreement to acquire substantially all of the assets of Nassau Tool Works of West Babylon, New York.
Acquisition of Nassau Tool Works is scheduled to be completed within 60 days. Financial details of the acquisition were not disclosed.
Nassau Tool Works is a Long-Island based manufacturer of aerospace components with customers including aircraft manufacturers and the US government.
Following the acquisition the existing executive management of Nassau Tool Works will remain and join the management team of Air Industries for the immediate future.
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|Date:||Mar 28, 2012|
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