I think you are on the ball Mer. Tankweld appear to have had growing pains. The fact that the CEO appears to have tipped in $400k as a loan tends to confirm that. Coupled with the fact that they were obviously a good client of PWN then it would seem logical for Bahay to have a look at how they fit within the PWN arena. Does not look too bad on the face of it. Seems there is still some due diligence to be done to finalise the detail but the profit is said to be there and there are a few synergies I would imagine. It looks like a win/win with friendly ex-CEO helping with the integration and all at a fairly handy price. All we need now is for PWN not to suffer similar growing pains.
I think you are on the ball Mer. Tankweld appear to have had...
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