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Profire Energy Announces The Acquisition Of Millstream Energy Products


Tuesday, 18 Jun 2019 

June 18 (Reuters) - Profire Energy Inc ::PROFIRE ENERGY ANNOUNCES THE ACQUISITION OF MILLSTREAM ENERGY PRODUCTS.PROFIRE ENERGY INC - MEP WILL ALSO RECEIVE A 4.5% ROYALTY ON PROPRIETARY MEP PRODUCT REVENUE GENERATED DURING NEXT FIVE YEARS.PROFIRE ENERGY INC - ACQUISITION IS EXPECTED TO ADD BETWEEN USD $1 MILLION TO AND USD $2 MILLION TO COMPANY'S ANNUAL REVENUES..PROFIRE ENERGY - TO PAY TOTAL PURCHASE PRICE OF $2.5 MILLION FOR MEP'S PRODUCT LINE, INVENTORY, ACCOUNTS RECEIVABLE & PAYABLE, DEBT & OTHER INTANGIBLES. 

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