Interlake Material Handling Sold to United Fixtures

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On April 21, Interlake Material Handling was purchased by United Fixtures Co.. The transaction is valued at $44.1 million plus the assumption of the company's pension liability. The combination of Interlake and United Fixtures creates the largest player in the North American racking industry.

During the sale process, Interlake brought to market an innovative racking system called Interlock, which uses bolts instead of welded connection points. Variations of this system are widely accepted in Europe and the rest of the world, but are not common in North America.

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