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COLORADO SPRINGS — Ideal Industries has agreed to buy Colorado Springs-based Western Forge from Paris, Ky.-based MW Universal just two years after MW paid $40 million for the hand-tool manufacturer.
Terms of the latest transaction were not disclosed, although Ideal said the purchase includes Western Forge’s 345,000-square-foot plant off Garden of the Gods Road.
Ideal will complete the purchase at the end of the month, but the company already has taken over management of Western Forge and named Randy Thompson, a 22-year Ideal employee, as general manager.
Colorado Springs Gazette
