Cincinnati tech firm expands with acquisitions

Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Cincinnati, Ohio tech firm CECO Environmental Corp. (NasdaqGM: CECE) is expanding with acquisitions in China and New York.

The company acquired China-based Jiangyin Zhongli Industrial Technology Company (Zhongli) and Long Island, N.Y.-based Emtrol. The purchase price of Zhongli was not disclosed, while CECO acquired Emtrol for $32 million in cash and $6 million in CECO shares that vest over a two-year period.

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Originally published November 5, 2014.