Blount to draw on revolver to help fund merger with GenWoods HoldCo

By Toni Weeks

San Diego, Aug. 17 - Blount International, Inc. said that the $185 million purchase price to be paid to acquire GenWoods HoldCo, LLC and its subsidiary, Woods Equipment Co., will be financed with borrowings under Blount's revolving credit facility and cash on hand.

Pending regulatory clearance, the acquisition, which is structured as a merger, is expected to close by the end of the third quarter.

Blount is a Portland, Ore.-based manufacturer of equipment, accessories and replacement parts for the forestry, garden and construction industries.

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