MESTEK, Inc. (OTCPK:MCCK) entered into an agreement in principle to acquire the remaining 50% stake in DADANCO-MESTEK Joint Venture, LLC from DADANCO Pty Ltd. on May 9, 2012. The transaction is expected to close in June 2012. As of June 4, 2012, MESTEK, Inc. (OTCPK:MCCK) entered into an agreement to acquire the remaining 50% stake in DADANCO-MESTEK Joint Venture, LLC from DADANCO Pty Ltd.


MESTEK, Inc. (OTCPK:MCCK) completed the acquisition of remaining 50% stake in DADANCO-MESTEK Joint Venture, LLC from DADANCO Pty Ltd. on September 24, 2012. The acquisition includes intellectual property including DADANCO nozzle technology, along with the remaining interest. DADANCO-MESTEK will become a wholly owned subsidiary of MESTEK, Inc.