Safe & Green(US:SGBX) Globenewswireยท2025-02-26 14:00Core Viewpoint - Safe & Green Holdings Corp. has announced a non-binding Letter of Intent to acquire key assets and business operations of County Line Industrial, LLC, aiming to enhance operational efficiency and expand modular capabilities [1][5]. Group 1: Acquisition Details - The acquisition is subject to the execution of a definitive Asset Purchase Agreement and customary closing conditions [1]. - County Line Industrial is recognized for its expertise in custom-built modular components, precision welding, and on-site installation services [2]. - The acquisition is part of Safe & Green's strategic growth plan to create synergies that will streamline supply chains and improve profitability [3]. Group 2: Strategic Implications - By integrating County Line Industrial's operational expertise, the company aims to strengthen production capacity and improve overall efficiency [5]. - The initiative complements the innovative platforms of Olenox and Machfu.com, positioning the combined businesses for sustainable, long-term value [3]. - Safe & Green expects to finalize the definitive agreement with a target closing in the first half of 2025 [5]. Group 3: Personnel and Transition - Safe & Green will secure the continued service of essential personnel from County Line Industrial, ensuring a smooth transition and preservation of customer relationships [4].