Zebra Technologies Announces Divestiture of Navis
Company to focus on core specialty printing, RFID and location solutions LINCOLNSHIRE, Ill., Jan. 31, 2011 - Zebra Technologies Corporation (Nasdaq: ZBRA) today announced that it has entered into a definitive agreement to sell its Navis business to Cargotec Corporation (Nasdaq OMX Helsinki: CGCBV) for approximately $190 million in cash. The transaction is expected to be completed during the first...
Read More »Blackstone Completes Acquisition of Polymer Group, Inc
CHARLOTTE, N.C., Jan. 28, 2011 - Scorpio Acquisition Corporation, an affiliate of Blackstone Capital Partners V L.P. (NYSE: BX) ( Blackstone ), has completed its previously announced acquisition of Polymer Group, Inc. ( PGI ). The transaction helps continue to position PGI as a leader in the nonwovens industry. PGI's chief executive officer, Veronica (Ronee) M. Hagen, stated, The sale to...
Read More »Commercial Vehicle Group Announces Acquisition of Bostrom Seating
NEW ALBANY, Ohio, Jan. 31, 2011 - Commercial Vehicle Group, Inc. (Nasdaq: CVGI) announced today that it has acquired substantially all of the assets of Bostrom Seating, Inc. ( Bostrom ), a seat supplier to the North American heavy truck, aftermarket, bus and specialty vehicle markets. Bostrom, a division of Accuride Corporation, Inc. (NYSE: ACW), has one owned manufacturing facility in Piedmont,...
Read More »Cytec Announces Agreement to Sell Building Block Chemicals Business
WOODLAND PARK, N.J., January 31, 2011 - Cytec Industries Inc. (NYSE:CYT-News) announced today it has reached a definitive agreement to sell its Building Block Chemicals business, with 2010 sales of $600 million, to an affiliate of HIG Capital, LLC. Total consideration to be received of $180 million includes cash consideration of $165 million at closing and a Note for $15 million. The sale is...
Read More »Drew Acquires Northwest Manufacturer of RV Furniture and Mattresses
WHITE PLAINS, N.Y., Jan. 31, 2011 - Drew Industries Incorporated (NYSE: DW), a leading supplier of components for recreational vehicles (RV) and manufactured homes, today reported that its wholly-owned subsidiary, Lippert Components, Inc., acquired the assets and business of Nampa, Idaho-based Home-Style Industries, and its affiliated companies ( Home-Style ). The purchase price of $7.25 million...
Read More »EnPro Industries Reaches Agreement to Acquire Sealing Products Manufacturer
CHARLOTTE, N.C., Jan. 31, 2011 - EnPro Industries, Inc. (NYSE: NPO) announced today that it has signed an agreement to acquire the business of Pipeline Seal and Insulator, Inc. and its affiliates (PSI), a privately-owned group of companies that manufacture products which ensure the safe flow of fluids through pipeline transmission and distribution systems, worldwide. The transaction, which is...
Read More »Industrial Controls Announces Merger with United Control Company in Richmond, VA
Wanamassa, NJ - February 1, 2011 - Industrial Controls Distributors LLC, the leading distributor of HVAC controls, process instrumentation and valves in North America, is pleased to announce its merger with United Control Company headquartered in Richmond, VA. United Control will integrate operations with Industrial Controls to cover the Virginia territory. This merger represents an exceptional...
Read More »Optelecom-NKF, Inc. Announces Completion of Acquisition by TKH Group N.V.
GERMANTOWN, Md., Jan. 28, 2011 - Optelecom-NKF, Inc. (Nasdaq: OPTC, Optelecom-NKF ) announces the completion of its acquisition by TKH Group N.V. (NYSE Euronext Amsterdam, AMS: TWEKA, TKH ) on January 27, 2011. Pursuant to the merger agreement by and among Optelecom-NKF, TKH and a subsidiary of TKH, Optelecom-NKF's stockholders are entitled to receive $2.45 in cash, without interest and less any...
Read More »Honeywell to Sell Its Consumer Products Group Business to Rank Group Limited for $950 Million
o Divestiture Consistent With Honeywell's Focus On High Growth, Global Technologies o Transaction Expected To Close Third Quarter 2011; No Impact To 2011 EPS Guidance o Sale Proceeds And Anticipated Gain Expected To Be Reinvested To Offset Ongoing Dilution MORRIS TOWNSHIP, N.J., Jan. 28, 2011 - Honeywell (NYSE: HON) today announced that Rank Group, a private investment company, will acquire its...
Read More »Johnson & Johnson Receives Approval from European Commission
NEW BRUNSWICK, N.J. and LEIDEN, Netherlands, Jan. 28, 2011 - Johnson & Johnson and Crucell today announced that the European Commission has granted approval for Johnson & Johnson's proposed acquisition of Crucell. Reference is made to the joint press release of Johnson & Johnson (NYSE: JNJ) and Crucell N.V. (NYSE Euronext, Nasdaq: CRXL; Swiss Exchange: CRX) dated 8 December 2010 announcing the...
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