June 2, 2017 / 9:52 PM / 2 months ago

BRIEF-Envirostar Inc to acquire Martin-Ray Laundry Systems Inc

June 2 (Reuters) - Envirostar Inc:

* Envirostar Inc to acquire Martin-Ray Laundry Systems Inc

* Envirostar Inc - purchase price to be paid is $4.0 million of which $2.0 million will be paid in cash and $2.0 million will be paid in EVI common stock

* Envirostar Inc - ‍transaction is expected to be accretive to EVI's earnings​ Source text for Eikon: Further company coverage:

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