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United Technologies Corp Completes Sale of Industrial Products Businesses to Carlyle Group LP and BC Partners


Thursday, 13 Dec 2012 11:53am EST 

United Technologies Corp announced it has completed the sale of its Milton Roy Co., Sullair Corp. and Sundyne Corp. industrial products businesses to BC Partners and Carlyle Group LP for $3.46 billion. Sale of the three former Hamilton Sundstrand industrial products businesses is another step forward in UTC's ongoing portfolio transformation to focus on its core of aerospace and building systems. As previously announced, proceeds from the sale will be used to repay a portion of the debt incurred to finance the acquisition of Goodrich Corporation, which closed earlier this year. 

Company Quote

110.16
-1.55 -1.39%
26 Nov 2014