Flow Completes Sale Of Units To Safeworks

Fri., Oct. 3, 1997

Compiled From Wire Services

Flow International Corp. has closed the sale of its access and services divisions to SafeWorks LLC.

Under the sale completed Wednesday, Flow will receive about $40 million in cash and assumed debt for the concrete removal and power scaffolding businesses.

SafeWorks was formed by the divisions’ current management group, along with local investors. Tom Cross, SafeWorks president and chief executive officer, said it expects to keep its headquarters in the Kent area, along with the divisions’ 300 employees.

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Flow Completes Sale Of Units To Safeworks

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