The sale of Butte’s MSE Technology, Inc. to the Florida-based Global Technologies Group, Inc. has been accepted and approved, according to an announcement Monday.
Jim Fallacaro, president of Global Technologies, announced his company will take over the operation of MSE and all subsidiaries effective Oct. 25.
Terms of the sale are not immediately available, but were approved by the boards of directors of the MERDI, MSE and MSE Technology Applications, Inc.
“We are looking forward to commencing the operation of MSE Inc. this month and started the transition last week,” Fallacaro said in his announcement. “We appreciate the support we have gotten not only from all involved with the agreements, the employee and the townspeople of Butte, and from the representatives of the state and federal government.”
Fallacaro declined further comment when contacted by The Montana Standard, and did not elaborate on specific terms of the sale.
Check back at mtstandard.com for more details on this story as they are available.