M&A activity seen rising in 2018

TALKING SHOP: John Lombari, right, sold his manufacturing company, R.I. Carbine Tool Co. based in Smithfield, earlier this year. Lombari speaks with Danny Loiselle, CNC machine programmer/operator. / PBN PHOTO/­MICHAEL SALERNO
TALKING SHOP: John Lombari, right, sold his manufacturing company, R.I. Carbine Tool Co. based in Smithfield, earlier this year. Lombari speaks with Danny Loiselle, CNC machine programmer/operator. / PBN PHOTO/­MICHAEL SALERNO
John Lombari bought R.I. Carbide Tool Co., a Smithfield manufacturer of cutting-tool technology, 25 years ago. Last March, he sold the company with an eye on retirement. “It was a turnaround situation when I bought it 25 years ago,” he said. “I’m 67 years old … and the company is now doing really well and…

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