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This Month In History: PHI acquires Conrac Corp. machine tool division

Conrac Sells Machine Tool Unit to PHI (Los Angeles Times - August 1985)

This month 35 years ago, PHI (then a division of Tulip Corp.) acquired the machine tool division of Conrac Corp.

The Los Angeles Times concisely reported the business transaction:

Conrac Sells Machine Tool Unit to L.A. Firm

AUG. 8, 1985 | 12 AM

STAMFORD, Conn. — Conrac Corp. said it sold its machine tool division to the Phi division of Tulip Corp. of Los Angeles.

Terms weren’t disclosed.

The division, located in Westminster, produces a proprietary line of automatic pipe and tube benders, structural beam welders and pipe-tube end-finishing equipment.

Donald H. Putnam, Conrac chairman, said the sale was part of the company’s continuing program of concentrating its resources in the communications and computer-based information display industries.

See the original LA Times article here – also archived as PNG and PDF files.

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