Exchange Income Corporation to acquire Hansen Industries for $42m.

Exchange Income Corporation, a diversified, acquisition-oriented company, agreed to acquire Hansen Industries, a precision metal parts manufacturer, for $42m. "When we decided to sell the business, we wanted to ensure a smooth ownership succession and strengthen the company's long-term future. We are very familiar with EIC's metal fabrication operations, particularly within western Canada. EIC has a proven reputation within the industry, and I am convinced this will be a great fit for Hansen both operationally and culturally. EIC’s history of buying companies for the long-term and investing capital to support growth was essential for our decision. I’m excited to work with the broader EIC manufacturing group to provide additional services and value for our customers,” Amit Chhabra, Hansen Industries President.