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EDE Holdings sells interest in Joplin manufacturer

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Joplin’s Empire District Electric Co. said Tuesday that its subsidiary, EDE Holdings Inc., has sold its controlling interest in Mid-America Precision Products to other current owners.

EDE acquired a controlling 50 percent interest in MAPP in July 2002. The sale is expected to contribute about 1 cent per share to EDE earnings in the current quarter, according to an Empire news release.

MAPP, also in Joplin, specializes in close-tolerance custom manufacturing for the aerospace, electronics, telecommunications and machinery industries.

Empire shares (NYSE: EDE) opened Tuesday at $22.60 and, following the announcement, rose to $22.74 at yesterday’s market close. The 52-week range is $19.25 to $24.16.

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