Federal Signal Completes Sale of Its Tool Group
OAK BROOK, Ill., April 21 -- Federal Signal Corporation (NYSE:FSS), a leader in advancing security and well-being, announced today that it completed the sale of its tool group to Connell Limited Partnership. The businesses sold include Dayton Progress Corporation and its subsidiary, PCS Company.
"The sale of these industrial die and mold tooling businesses concludes the divestiture of our tool group and supports our desire to tighten our strategic focus. We expect to use the proceeds to pay down debt associated with the acquisitions we made last year in our safety and security systems group," said James E. Goodwin, interim president and chief executive officer of Federal Signal Corporation. "I would like to thank the tool group employees who have worked to build these businesses, and I wish them the very best."
About Federal Signal
Federal Signal Corporation (NYSE:FSS) is a leader in advancing security and well-being for communities and workplaces around the world. The company designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and airport customers. Federal Signal's portfolio of trusted, high-priority products include Bronto aerial devices, Elgin and Ravo street sweepers, E-ONE fire apparatus, Federal Signal safety and security systems, Guzzler industrial vacuums, Jetstream waterblasters and Vactor sewer cleaners. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. http://www.federalsignal.com/
Source: Federal Signal Corporation
CONTACT: investors,
David Janek of Federal Signal Corporation,
+1-630-954-2000,
djanek@federalsignal.com
Web site: http://www.federalsignal.com/
