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Clarcor buys majority stake in Morocco-based engine filter maker

Mon Mar 5, 2007 2:16pm EST

Stocks

   

March 5 (Reuters) - Clarcor Inc. (CLC.N) said it acquired 80 percent stake in Sinfa SA, a maker of engine filters based in Casablanca, Morocco, to expand in Europe, North Africa and the Middle East.

Mergers & Acquisitions

The deal is expected to be add to earnings in 2007, the maker of filters for air, oil and fuels said in a statement.

Terms of the deal were not disclosed. (Reporting by Deepti Chaudhary in Bangalore)



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