M&A
confidence high
sentiment positive
materiality 0.65
MDWerks signs LOI for joint venture with Rex Lumber for RF solutions in lumber industry
MDWerks, Inc.
- RF Specialties (MDWerks subsidiary) would hold 51% ownership; Rex Lumber 49% in proposed RF-REX Co.
- Rex Lumber to contribute multi-million-dollar initial capital investment for design, manufacturing, and commercialization.
- Joint venture to focus on radio frequency applications including sawdust drying, wood-chip drying, board straightening, and extraction systems.
- Rex Lumber may designate a board member to MDWerks board to represent the joint venture.
- LOI is non-binding; definitive agreements and customary closing conditions required.