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FORMER DRESSER-ROOTS COMPANY SELLS

(Connersville, IN)--The oldest manufacturer in Connersville has been sold.  It was known for decades as Dresser-Roots until it sold to General Electric.  Now, GE has sold the company to a Maryland-based company called Colfax.  Colfax is paying $185 million in a deal that will finalize in a few months.  Employees, who signed a new labor agreement last month, are expected to be retained.  The plant dates back to the 1850’s.

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