Calnetics Plans to Acquire Agricultural Products Inc.
Calnetics Corp., a Chatsworth maker of molded plastic components for the building and plastics industries, says it has tentatively agreed to acquire Agricultural Products Inc. for about $4.4 million in cash and notes.
The deal, which is contingent upon reaching a definitive agreement and shareholder approval, is expected to be completed in May. Agricultural Products, a closely held private company based in Ontario, had sales of about $10 million in 1993.
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