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Article: GenCorp putting GDX up for sale.(News)(GenCorp Inc.)(GDX Automotive)

Article from:
Plastics News
Article date:
July 19, 2004
Author:
Copyright

Byline: Rhoda Miel

The automotive sealing industry is continuing a shakeout, with talks under way to sell North America's largest sealing supplier and another specialist also up for grabs.

Sacramento, Calif.-based conglomerate GenCorp Inc. announced July 12 it is negotiating to sell GDX Automotive Inc., which makes about a quarter of the vehicle body seals sold in Europe and North America.

Farmington Hills, Mich.-based GDX is joined on the auction block by Cooper Tire & Rubber Co.'s Cooper-Standard Automotive Group, which has been available to bidders since March.

GenCorp executives were careful to note that the talks to sell GDX may ...

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