2/21/1984 - Oakenco (OAK) - ACQUISITION ANNOUNCEMENT
Oakenco (OAK) has agreed to acquire a privately held company today. The acquired company, DigiControl, designs, develops, and manufactures switching and control systems for use during computer installations. OAK believes that the acquisition is a positive step in the company’s involvement in the data communications market.
About Oakenco (OAK):
Oakenco is a leading maker of heavy-duty truck brakes and brakes for off-highway equipment. Nothing if not diverse, the company makes industrial components (brakes, tires, and wheels), construction and roofing materials (rubber, plastic, and FleeceBack sheeting), automotive components (rubber and plastic components), plastic food service equipment (dishes and tableware), cheese-manufacturing equipment, and transportation products (trailers).