Smiths Group to fund $345 million acquisition with bank drawdowns

By Susanna Moon

Chicago, Oct. 4 – Smiths Group plc said it plans to draw from its bank facilities as well as use cash to fund its acquisition of United Flexible, Inc.

Smiths Group entered into an agreement to acquire United Flexible from Arlington Capital Partners for an enterprise value of $345 million, according to a notice.

Smiths is a diversified engineering company based in London.

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