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Federal-Mogul Corp's Powertrain Segment Announces Sale Of Connecting Rod And Camshaft Business Comprised Of Two Manufacturing Plants In Canada And The U.K.
Federal-Mogul Corp's Powertrain Segment announced that it has entered a definitive agreement to sell its connecting rod and camshaft business to JD Norman Industries, Inc. with an effective date of June 28, 2013. The sale involves Federal Mogul's sole connecting rod machining plant, located in Windsor, Canada and only camshaft foundry, located in Lydney, United Kingdom. As part of the agreement JD Norman Industries will continue to employ Federal-Mogul's current 230 associates working in these two facilities.
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