Elmira, N.Y. (WENY)-- A local manufacturer is now under new ownership.
Hardinge Inc. entered into a merger agreement under which the company will be acquired by an affiliate of Privet Fund Management LLC. Privet will acquire all shares of Hardinge not currently owned by the company for $18.50 per share, a total transaction value of about $245 million.
Hardinge Inc. has been around for more than 100 years, providing a wide range of turning, milling, grinding and workholding solutions.
Additional information about Hardinge Inc. can be found on its website: www.hardinge.com.