Technitrol Enters Agreement with Metalor to Divest North American Electrical Contacts Operations
Dec 28, 2009 (Close-Up Media via COMTEX) --
Company: Technitrol, Inc. (TNL)
Technitrol, Inc. announced that the company has entered into a definitive agreement with Metalor Technologies International SA to sell the North American operations of AMI Doduco, its electrical contact products business.
Terms of the transaction were not disclosed. The North American business comprises operations in Export, Pennsylvania, Luquillo, Puerto Rico and Mexico City. North American rivet production operations in Mexico will remain with Technitrol and be sold with the AMI Doduco operations in Europe and Asia.
Technitrol noted it will apply the net sale proceeds to help with outstanding debt under its revolving credit facility. The transaction is expected to close in early January of 2010, according to a release.
More Information:
http://www.technitrol.com
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Company: Technitrol, Inc. (TNL)
Related terms: asia, business, debt, electrical, europe, export, mexico, pennsylvania, products, puerto rico, technology
