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News Breaks | | | | February 20, 2013 | | 08:09 EDT |  | DEWY | The Dewey Electronics Corp agrees to purchase assets from Goodman Ball
The Dewey Electronics Corporation announced that it has signed a definitive agreement to purchase certain assets, rights of manufacture and intellectual property from Goodman Ball Incorporated, a maker of military equipment that is based in Menlo Park, California. The purchase of these assets is part of the ongoing liquidation of Goodman Ball by its parent company, C.E. Niehoff & Co. The agreement includes acquiring the IP for two diesel generators, Model 4310 and Model 3310, intended for use on military vehicles, as well as several smaller unrelated product lines. As part of the Agreement, Dewey will assume responsibilities to maintain certain Goodman Ball contracts with the United States Department of Defense that pertain to the acquired product lines. Currently, Goodman Ball does not have a backlog of orders for the generators included in the Agreement. The terms of the agreement will not be disclosed. | |
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