ATC Venture Group Inc. (ATC) announced that it has entered into an asset purchase agreement with K-W Manufacturing Company, pursuant to which the company has agreed to purchase from KW certain of its assets, including equipment, contracts and associated good-will in consideration for an aggregate purchase price of $500,000 and a royalty agreement of 5% of sales of the KW product line for each of the next 5 years.
K-W Manufacturing is a South Dakota-based manufacturer of patented snow plows, dozer blades, rock pickers, and other attachments for the skid steer loader market.
Consummation of this acquisition is subject to the company's completion of its final due diligence investigation and audit, as well as other customary closing conditions.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.