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The purchase price of $28 million consists of $14 million paid in cash, $10 million in the form of convertible promissory notes bearing interest at a rate of 10%, and $4 million in the form of 343,337 shares of DXP common stock.
David Little, Chief Executive Officer, stated, "Quadna is a quality company with great people and excellent product lines," CEO David Little says. "We are excited with the geography and markets they cover and we look forward to our future success together."
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