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Article: GDX Automotive's parent looks to revive profits at local unit.(News)(GenCorp Inc. may sell its noncore business)
- Article from:
- Crain's Detroit Business
- Article date:
- October 13, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sherri Begin
GenCorp Inc. once again is cleaning house at its Farmington Hills-based GDX Automotive unit.
If the price were right, the company probably would sell the noncore business, GenCorp CEO and President Terry Hall said during a recent conference call with analysts.
Michael Bryant has resigned as president of the sealing unit and vice president of the parent company, according to an Oct. 3 statement released by GenCorp. Bryant headed GDX since April 2002, when he succeeded Joseph Gray, who left the company in January 2002.
The manufacturer said Bryant will remain with the company on special assignment while Dave Bender, ...