Otter
Tail
is
negotiating
to
sell
DMI
for
$20m
and
expects
to
close
the
transaction
no
later
than
3
January,
2013.
Michael
J.
Olsen,
senior
vice
president
of
corporate
communications,
declined
to
name
the
potential
buyer
or
say
if
it
was
a
foreign
company.
“We
are
actively
negotiating
with
someone
now,”
he
says.
Its
plant
in
West
Fargo,
North
Dakota,
employs
216
workers
with
another
167
at
its
Tulsa,
Oklahoma,
facility.
Otter
Tail
has
entered
into
a
nonbinding
letter
of
interest
to
sell
the
properties,
plants
and
equipment.
If
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