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Article: Dayton, Ohio-based manufacturer Amcast completes sale of assets.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 3, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. 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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Dayton Daily News, Ohio Knight Ridder/Tribune Business News
Aug. 3--DAYTON, Ohio -- Amcast Industrial Corp. said Monday it has completed the sale of most of the assets of its Flow Control operation. The sale was made to a U.S. subsidiary of the Dutch group Aalberts Industries N.V.
The sale was made in order to comply with provisions of the company's loan agreements. The net proceeds of approximately $54 million will be used to reduce debt.
Amcast is a ...