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Safe & Green Holdings Announces Plan To Acquire Key Assets Of County Line Industrial; Aims For Synergistic Growth, Streamlined Operations, And Enhanced Modular Capabilities; Targeting H1 2025 Closing; Terms Not Disclosed

Benzinga·02/26/2025 14:10:01
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Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, today announced that it has entered into a non-binding Letter of Intent to acquire key assets and business operations of County Line Industrial, LLC, a respected industrial fabrication and modular manufacturing enterprise based in Bokchito, Oklahoma. The proposed transaction is subject to the execution of a definitive Asset Purchase Agreement and customary closing conditions.

County Line Industrial is recognized for its expertise in delivering custom-built modular components, precision welding, and on-site installation services. The company has built a reputation for operational excellence and reliability in meeting customer needs.

This acquisition is a key element of Safe & Green's strategic growth plan. By integrating County Line Industrial's operational expertise with Safe & Green's modular solutions business, the Company aims to create significant synergies that will streamline supply chains, improve profitability and accelerate time-to-market. The initiative also complements the innovative platforms of Olenox and Machfu.com, as highlighted in recent press releases, positioning the combined businesses to deliver sustainable, long-term value to investors.

Safe & Green will also secure the continued service of essential personnel from County Line Industrial, including General Manager Carter Fields and other key team members, ensuring a smooth transition and the preservation of vital customer relationships.