Sudbury Holdings Unit Buys Rubber Operations
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CLEVELAND — Sudbury Holdings Inc. said that Western Capital Corp., its 80% owned subsidiary, has acquired the assets and business of the Michigan division of Midwest Rubber Co.
A fixed portion of the purchase price will be paid in cash and a note at the closing. If future earnings exceed certain base levels, an additional amount is to be paid in cash, Sudbury said.
Midwest is a manufacturer of rubber and plastic products primarily for the automotive industry.
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