AIRTRAX FILCO BUYOUT - TAKE TWO

News Story
- 22 Jan 2004 ( #141 ) - MULHEIM, Germany
<1 min read
FiLCO GmbH has signed a second letter of intent with Airtrax Inc for the sale of "a substantial part" of its equity.

The agreement, scheduled to close by January 31, follows an abandoned buyout deal the companies pursued in April last year and is contingent on a revision of agreements on the number of people to be hired by FiLCO GmbH.

FiLCO produced 560 forklifts in 2003 and plans to continue producing Filco-branded units, refurbishing Clark units and seeking additional private manufacturing for its 25,000 square-metre (270,000 square feet) facility.

No financial details of the proposed transaction were released.
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Previously about:
Airtrax restates filings for two years News Story - 22 Jun 2007 - BLACKWOOD, NJ, United States - 1 min read
Airtrax names Robert Watson as CEO News Story - 2 Nov 2006 - BLACKWOOD, NJ, United States - 2 min read
Obituary: Airtrax founder Peter Amico dies News Story - 31 Aug 2006 - BLACKWOOD, NJ, United States - 1 min read
Clark returns headquarters to US News Story - 17 Apr 2025 - Dallas, TX, United States - 1 min read
Clark launches new forklifts News Story - 23 Jan 2025 - Duisburg, Germany - 1 min read
Techniplus named Clark dealer for North Africa News Story - 1 Aug 2024 - Casablanca, Morocco - 1 min read
Airtrax delivers Sidewinders, copes with FiLCO News Story - 10 Aug 2006 - BLACKWOOD, NJ, United States - 2 min read
Airtrax’s first Sidewinder exhibited at ProMat 2005 News Story - 13 Jan 2005 - HAMMONTON, NJ, United States - 1 min read
AIRTRAX BUYS MAJORITY STAKE IN FILCO News Story - 11 Mar 2004 - HAMMONTON, NJ, United States - 1 min read
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