|
|
Article: CFM Corporation Announces Sale Of Water Dispensing Business To Focus On Water Purification Business.
- Article from:
- Business Wire
- Article date:
- February 10, 2005
CopyrightCOPYRIGHT 2005 Business Wire. 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)
|
MISSISSAUGA, Ontario -- CFM Corporation (TSX:CFM)("CFM" or the "Company") announced today that, in connection with its long-term strategic plan, it completed a sale of certain assets related to the water dispensing, ozone water purification, ice making, and air circulation and purification business. The Company will continue to operate its water business with respect to ultraviolet water purification and filtration appliances and products. The aggregate proceeds of the sale were Cdn.$7.9 million, paid partly in cash and partly by the assumption of liabilities.
This news release contains forward looking statements that involve certain risks and ...