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Article: Quixote Corporation Announces the Sale of its Intersection Control Segment to Signal Group, Inc.
- Article from:
- PR Newswire
- Article date:
- July 28, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association 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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CHICAGO and HOUSTON, July 28 /PRNewswire-FirstCall/ -- Quixote Corporation and Signal Group, Inc. today announced that Signal Group, Inc., a North American manufacturer and seller of highway safety and traffic control products, has purchased the Intersection Control segment from Quixote for $20 million in an all cash transaction. Quixote's Intersection Control segment produces and sells intelligent traffic control systems, pedestrian signals, video detection equipment and other transportation products for use in the traffic control market and includes its Peek Traffic and U.S. Traffic subsidiaries. Quixote intends to use the proceeds of the sale to pay down ...