US EditionBurnham Holdings Divests Thermo Pride and Norwood Manufacturing in Strategic Move
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Burnham Holdings Divests Thermo Pride and Norwood Manufacturing in Strategic Move
LANCASTER, PA — Burnham Holdings, Inc. (BHI) has announced its decision to divest the assets of subsidiaries Thermo Pride (TP) and Norwood Manufacturing (NMI) as part of a strategy to strengthen its core boiler business and expand its commercial and industrial service operations. The assets of TP and NMI will be acquired by R.W. Beckett Corporation (RWB), based in North Ridgeville, OH, for $27.6 million in cash, subject to final adjustments. The…
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