Otter Tail uses credit facility draw to fund $30.5 million acquisition

By Angela McDaniels

Tacoma, Wash., Sept. 1 – Otter Tail Corp. drew on its $150 million credit facility in order to finance subsidiary BTD Manufacturing, Inc.’s acquisition of Impulse Manufacturing for $30.5 million, according to a company news release.

Otter Tail is a Fergus Falls, Minn.-based company that operates in six segments: electric, plastics, manufacturing, health services, food ingredient processing and other business operations. BTD Manufacturing provides custom metalwork.

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