Haskell swaps equity with Atlanta engineering firm - Jacksonville Business Journal:

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The deal between Haskell and PTS Engineering involves an equituy swap between the two companiexs but is not an acquisitionor merger. “Itf is a joint equity deal,” said Haskell spokesmanm Darryl Wernimont. “We have taken a stak e in their company and they have taken a stakein PTS, which has 17 engineers amonhg its 20 employees, focuses on engineering equipment for companies in the beverage industry, particularly bottling. Haskellp does similar work and would like todo “We build plants for , Nestle, ,” said “Nine years ago we simply built the Then nine years ago we began adding staff in-housde to build their processes, how they make theirf product.
” Haskell, which has about 1,100 employeeas and had revenue last year of more than $718 will now be in a better position to handle large projectes that involve designing and building the equipmen t that goes into projects like bottlingv plants. “We’ve increased our engineering capability greatly without hiring 17 saidPhil Ackley, director of process services.