Tosei Engineering Corp. and Tosei America, Inc. entered into an agreement to acquire Schmitt Europe Limited and Schmitt Dynamic Balance Systems business line from Schmitt Industries, Inc. (NasdaqCM:SMIT).
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Tosei Engineering Corp. and Tosei America, Inc. entered into an agreement to acquire Schmitt Europe Limited and Schmitt Dynamic Balance Systems business line from Schmitt Industries, Inc. (NasdaqCM:SMIT).

Schmitt Dynamic Balance Systems of Schmitt Industries, Inc. comprises precision test and measurement product manufacturing business unit.

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