Dynatronics Corp recently announced an agreement to acquire substantially all of the assets of physical therapy and athletic training products manufacturer Hausmann Industries Inc, for approximately $10 million in cash.
New Jersey-based Hausmann Industries is a manufacturer of laminated treatment tables and wood products, which Dynatronics notes in a media release, complement Dynatronics’ existing line of solid wood and custom design treatment tables.
Hausmann’s ProTeam line of specialty products now also becomes part of Salt Lake City-headquartered Dynatronics’ family.
“Hausmann is an excellent strategic fit for Dynatronics, as it reinforces our commitment to and presence in the physical therapy and athletic training space,” says Kelvyn Cullimore, Jr, Dynatronics’ Chairman and chief executive officer (CEO), in the release. “We have respected Hausmann’s success as an industry participant over the years and look forward to welcoming David Hausmann and his company’s employees to the Dynatronics family.”
“We are very excited to become a part of the Dynatronics family,” states David Hausmann, CEO of Hausmann Industries. “Hausmann has been a family owned and operated company for 6 decades, and there is a good fit with Dynatronics. The combined businesses will provide more opportunities, and we believe Dynatronics has the scale to fuel growth and enhance our leadership role in our many markets.”
[Source(s): Dynatronics Corp, PR Newswire]