April 6, 2017 / 12:20 PM / 4 months ago

BRIEF-P&F Industries acquires Jiffy Air Tool

April 6 (Reuters) - P&F Industries Inc:

* P&F Industries Inc says anticipate that this acquisition will be immediately accretive to earnings

* P&F Industries Inc - purchase price consisted of approximately $7 million in cash and assumption of certain payables and contractual obligations

* P&F Industries Inc- in addition, seller may be entitled to up to $1 million in additional contingent consideration

* P&F Industries Inc acquires Jiffy Air Tool Inc

* P&F Industries Inc says purchase price consisted of approximately $7 million in cash and assumption of certain payables and contractual obligations Source text for Eikon: Further company coverage:

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