Vishay Precision To Buy Stress-Tek For About $20 Mln - Quick Facts

(RTTNews) - Vishay Precision Group, Inc. (VPG), a producer of precision sensors and systems, said it has agreed to acquire Stress-Tek, Inc. of Kent, Washington, a privately-held company, for about $20 million. This includes the acquisition of real estate valued at $5.5 million.

Stress-Tek is a designer and manufacturer of strain gage-based load cells and force measurement systems primarily servicing the North American market. The company's sensors and display systems are used in a wide range of industries, predominantly in transportation and trucking, for timber, refuse, aggregate, mining and general trucking applications.

The acquisition is expected to close by December 31, 2015.

VPG said it expects Stress-Tek will achieve about $9 million in annual net sales and about $1.1 million in annual EBITDA in 2015. With expected cost synergies, the company anticipates that Stress-Tek's annual EBITDA will increase to about $3 million over two years.