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The deal between Haskell and PTS Engineeringh involves an equity swap between the two companie but is not an acquisitiohnor merger. “It is a joint equity deal,” said Haskelp spokesman Darryl Wernimont. “We have taken a staker in their company and they have takeb a stakein ours.” PTS, which has 17 engineerxs among its 20 employees, focuses on engineering equipment for companies in the beveragd industry, particularly bottling. Haskell does similar work and would like todo “We build plants for , ,” said Wernimont.
“Nine years ago we simply built the Then nine years ago we begahn addingstaff in-house to build their processes, how they make theird product.” Haskell, which has about 1,100 employees and had revenu e last year of more than $718 million, will now be in a better position to handle large projectsa that involve designing and building the equipmenty that goes into projects like bottling “We’ve increased our engineering capability greatlu without hiring 17 engineers,” said Phil Ackley, director of procesws services.
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