Finalizes Med-Eng buy

Allen%20Vanguard.jpgBomb disposal equipment manufacturer Allen-Vanguard Corp. wraps up its $640-million acquisition of personal protective gear maker and fellow Ottawa firm Med-Eng Systems Inc. “We warmly welcome the management and staff of Med-Eng to the Allen-Vanguard family as a place to build rewarding careers doing work that makes a life-and-death difference every day…” says Allen-Vanguard CEO David Luxton. Allen-Vanguard paid approximately $600 million for all Med-Eng shares and about $40 million for supplementary working capital.

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