AstroNova acquires Illinois manufacturer for $17M

ASTRONOVA INC. on Tuesday acquired Astro Machine, an Illinois manufacturer of of professional color and monochrome inkjet printers and other equipment and products, for $17 million cash.
WEST WARWICK – AstroNova Inc. Tuesday acquired Astro Machine, an Illinois manufacturer of inkjet printers and media handling equipment for labeling and mailing applications, for $17 million. The cash deal includes Astro Machine’s 34,000-square-foot engineering and manufacturing plant in Elk Grove Village, Ill. Greg Selak will remain president and all employees will be retained, according…

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