Twin Disc, Inc. (TWIN), Tuesday announced the acquisition of British Columbia-based Kobelt Manufacturing Co. Ltd., a manufacturing company, for $16.5 million.
The acquisition is expected to diversify and enhance Twin Disc's portfolio in the industrial and marine sectors.
The deal is expected to be immediately accretive to the company's earnings.
In the pre-market hours, Twin Disc's stock is trading at $9.47, up 0.77 percent on the Nasdaq.
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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.