PR Newswire04.04.17
Dynatronics Corporation announced that it successfully closed the acquisition of substantially all of the assets of Hausmann Industries, Inc., a manufacturer of branded, high quality physical therapy and athletic training products located in Northvale, N.J. The signing of this transaction was announced on March 22, 2017.
"The addition of Hausmann strengthens our position in the physical therapy and athletic training space," said Kelvyn Cullimore, Jr., Dynatronics' chairman and CEO. "We believe the combined business will create value for both our investors and the customers we serve."
Dynatronics expects the financial contribution of Hausmann to be material during the coming 12 months, and will provide further information regarding the transaction on its third quarter earnings call.
"The addition of Hausmann strengthens our position in the physical therapy and athletic training space," said Kelvyn Cullimore, Jr., Dynatronics' chairman and CEO. "We believe the combined business will create value for both our investors and the customers we serve."
Dynatronics expects the financial contribution of Hausmann to be material during the coming 12 months, and will provide further information regarding the transaction on its third quarter earnings call.