Universal Power Group Acquires Lithium-Ion Battery Pack Maker

Universal Power Group, Inc. (AMEX:UPG) acquires $3.3 million the assets and business of Progressive Technologies, Inc.

The press release is quoted as saying:

Universal Power Group, Inc. (NYSE Amex: UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services.

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