S&P: Blount unchanged

Standard & Poor's said that its ratings and outlook on Blount Inc. (BB-/negative) are not affected by the company's announcement that it acquired Carlton Holdings Inc. for $63 million.

The acquisition bolsters Blount's core Outdoor Products Group operations and further diversifies the company's sales internationally, the agency noted.

Despite a weakening U.S. economy, the company continues to meet our expectations, including funds flow to total debt of about 15% and total debt to EBITDA of about 4x, S&P said.

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