Washington Post (WAPO) to Acquire Utility Service Provider Forney Corp.
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The Washington Post Company (NYSE: WPO) announced it has signed an agreement to acquire Forney Corporation, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications. The deal is expected to close in early August. A leader in power plant and industrial systems around the world, Forney is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. Tom Demrick, general manager, Forney Corporation, and the Forney management team will continue to run the business. The purchase price was not disclosed.
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