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Saturday, December 3, 2016

Kirby Corp. to Buy Saunders Engine and Equipment Co.

July 10, 2007

Marine Systems Inc., a wholly owned subsidiary of Kirby Corp., said it had agreed to purchase Saunders Engine and Equipment Co. Inc. for about $13.2m in cash. Saunders, based in Mobile, Ala., is a privately held high-speed diesel engine services provider. The deal is expected to close by July 20. Houston-based Kirby said it will finance the acquisition using an existing revolving credit facility.


 
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