Florida electronics and aerospace giant HEICO Corp. (NYSE:HEI) announced the majority purchase of Albuquerque manufacturer Quell Corp. on Monday.
HEICO, which now owns over 80 percent of Quell, does not expect any workforce turnover or relocation of the manufacturer’s operations, a news release says. The all-cash deal, further terms of which were undisclosed, adds 55 employees to Heico’s workforce.
A representative from Quell was unavailable for immediate comment. The company was founded in 1994…
Source: The Business Journal
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