EIF Holdings to Acquire JL Manta
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ANAHEIM — EIF Holdings said Monday it has signed an agreement to acquire JL Manta, an industrial maintenance and coating services company, for $8.5 million in cash and notes.
EIF said the transaction is scheduled to close by Oct. 31.
EIF said JL Manta generates more than $40 million a year in revenue. EIF Holdings provides maintenance services for clients in the industrial, low-level nuclear and environmental sectors.
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