PE firms American Securities LLC and P2 Capital Partners LLC have agreed to buy farm equipment maker Blount International LLC (NYSE: BLT) for $855 million, including debt. The purchase price values Blount’s equity at $10 per share. Blount’s stock closed at $5.38 on Dec. 9.

Blount, based in Portland, Oregon, makes replacement parts and equipment mainly for the agriculture sector. The target produces chainsaws, blades and log splitters under the Oregon, Carlton, Woods, Tisco, Speeco and Pentruder brands.

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