AstroNova Acquires Astro Machine
August 9, 2022
AstroNova, Inc. (Nasdaq: ALOT) acquired Astro Machine from its founding family for $17.1 million in cash. The acquisition adds Astro Machine's engineering and 34,000-square-foot manufacturing facility in Elk Grove Village, Illinois to AstroNova's Product Identification portfolio, expanding U.S.-based manufacturing capacity and complementary market channels.
- Buyers
- AstroNova, Inc.
- Targets
- Astro Machine
- Sellers
- Founding family
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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