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Friday June 26, 1:29 pm Eastern Time
Company Press Release
Thermo-Mizer Environmental Corporation Makes Announcement
RAHWAY, N.J.--(BUSINESS WIRE)--June 26, 1998--Thermo-Mizer Environmental Corp. (''Thermo''), (NASDAQ COMMON STOCK:THMZ; WARRANTS:THMZW), a Rahway, New Jersey-based company which designs, assembles and sells products and systems used in cleanrooms, announced today that it has signed a letter of intent to acquire CRP Holding Corp. [OTC BB:CRPI - news], a Ronkonkoma, New York-based manufacturer of clean room products.
The business combination is subject to the completion of due diligence procedures and certain other matters. Both parties are committed to completing the transaction as quickly as possible. When completed, the combined entity will generate annual sales of approximately $20,000,000 making it one of the leading cleanroom product companies in the Northeast.
Management members of both companies are enthusiastic about the merger citing the complementary nature of their product lines and customer bases.
This press release contains forward-looking statements. Thermo's actual performance may differ materially from that projected in such forward looking statements for numerous reasons, including those contained in Thermo's Annual Report on Form 10-KSB and other periodic reports filed with the Securities and Exchange Commission.
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Contact:
Paul Cornell, 813/636-0590
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More Quotes
and News: CRP Holding Corp (OTC BB:CRPI - news)
Thermo Mizer Environmental Corp (Nasdaq:THMZ - news)
Related News Categories: chemicals, environmental
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