Helios Technologies to acquire Schultes Precision Manufacturing

• Helios Technologies (NYSE:HLIO) to acquire Schultes for an undisclosed terms.
• Schultes is a specialist in manufacturing precision machined components and assemblies for customers requiring very tight tolerances, superior quality, and exceptional value-added manufacturing processes.
• Schultes has approximately $30 million in full-year revenue for 2022.
• Helios expects to close the transaction in the first quarter of 2023.
• Source: Press Release