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Northwest Pipe

08:46
10/05/16
10/05
08:46
10/05/16
08:46

Northwest Pipe announces sale of Denver property

Northwest Pipe announced it has sold its Denver real property for a purchase price of $14.4M. The company will lease the property back from the buyer until December 31, with two options to extend the lease-back period by 30 days each, in order to conclude production at the facility and complete final shipments. Approximately 20% of the company's steel water pipe production capacity will be reduced with this sale.

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