Washington Post Expands Into Industrial Boilers
Posted: 7/19/2013 | By: Ben Fox Rubin | The Wall Street Journal
Washington Post Co. agreed to buy Forney Corp., a global supplier of products and systems for power and industrial boilers, from United Technologies Corp., as the education and media company continues to take steps toward diversifying from its struggling core businesses.
The deal comes after Washington Post agreed late last year to buy a
majority stake in Celtic Healthcare Inc., a closely held provider of
hospice and home health care in Pennsylvania and Maryland. As with the
Celtic acquisition, the purchase price for Forney wasn’t disclosed, but
both are considered small deals.