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Article: Precision Castparts Corp. To Sell Pump And Valve Businesses.(Sulzer Pumps Ltd. acquires pump business)
- Article from:
- Defense Daily
- Article date:
- September 27, 2004
CopyrightCOPYRIGHT 2004 Access Intelligence, LLC. 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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Precision Castparts Corp. [PCP] said last week it plans to sell the pump and valve businesses of its Fluid Management Products segment, moving the businesses into discontinued operations in the second quarter of fiscal 2005.
"As we have developed and applied a strategic framework for profitable growth in the years ahead, the pump and valve businesses do not fit with our core competencies and strategic objectives," Mark Donegan, chairman and chief executive officer of Precision Castparts Corp., said in a statement.
The Friday announcement also said the company would keep the E/One sewer and detection system operation.
In a related transaction, ...