NEW YORK (S&P Global Ratings) Feb. 24, 2020--S&P Global Ratings today said that its ratings on equipment manufacturer Engineered Machinery Holdings Inc. (doing business as Duravant; B-/Stable/--), including our issue-level and recovery ratings on the company's first- and second-lien credit facilities, are unaffected by the company's plan to fund its acquisition of Woodside Electronics Corp. (WECO) with a $155 million add-on to its first-lien term loan. Woodland, Calif.-based WECO is a designer and manufacturer of technology solutions focused on the sorting of agricultural products. Our '3' recovery rating on Duravant's first-lien debt is unchanged and indicates our expectation for meaningful recovery (50%-70%) in the event of a payment default, though we will revise our rounded recovery estimate to 50% upon
