Art's Way Manufacturing Announces Up To $3 Million in Investment from Alumni Capital LP.

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Apr 04, 2022

ARMSTRONG, IA / ACCESSWIRE / April 4, 2022 / Art's Way Manufacturing Co., Inc. (Nasdaq:ARTW), a diversified manufacturer taking pride in their livestock and sugar beet equipment, specialized tools, agricultural buildings and modular laboratories announced today that Alumni Capital LP has made a minority investment in the Company to support Art's Way's strategic direction in being a leading manufacturer for the diversified forage and livestock producers. The agreement includes purchases of stock at the discretion of Art's Way in an aggregate amount of $3,000,000. McConnell Legacy Investments LLC will continue to be the largest shareholder.