Blank Rome Represents Kreisler Manufacturing Corporation in Its Sale to United Flexible Technologies, Inc.Deal
Blank Rome represented Kreisler Manufacturing Corporation and its board of directors, in its sale to United Flexible Technologies, Inc. (“UFTI”), a portfolio company of Arlington Capital Partners (“ACP”). In the merger, the Kreisler stockholders received $18 per share, an almost 60 percent premium over the closing price prior to the announcement. Kreisler was traded on the OTC Market pink sheets. The Firm began its representation of Kreisler more than 30 years ago.
Kreisler is a best-in-class manufacturer of precision metal components and assemblies for use in commercial and military aircraft engines as well as industrial gas turbines. UFTI expects Kreisler to help it become the prominent designer and manufacturer of high-pressure and high-temperature gas and fluid conduits used in mission critical systems for OEMs. For more information, please visit www.kreislermfg.com.