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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Wright Reports

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SKF INC Divests Metallic Rods Business to Precision Castparts Corp

Thursday, 14 Mar 2013 05:00am EDT 

SKF INC announced that the Company has signed an agreement to divest its metallic rods business to a United States -based Precision Castparts Corp (PCC) for approximately EUR 40 million on a cash and debt free basis. This includes the sale of the operations at the SKF sites in St. Vallier sur Rhone, France and Monroe, Washington in the United States. The sale affects approximately 230 employees in France and around 25 in the United States. 

Company Quote

0.06 +0.26%
19 Dec 2014