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Article: EG&G Completes Purchase of Belfab; Sale of Sealol Industrial
- Article from:
- PR Newswire
- Article date:
- April 2, 1998
CopyrightCOPYRIGHT 1998 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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WELLESLEY, Mass., April 2 /PRNewswire/ -- EG&G, Inc. (NYSE: EGG) today completed its purchase of the Belfab Division of John Crane, Inc., the Daytona Beach unit of the TI Group, London, UK, and the sale of the EG&G Sealol Industrial Seals Division, Cranston, Rhode Island, to TI. The companies had announced their purchase and sales plans in December 1997.
The Belfab purchase positions EG&G as a major supplier to the semiconductor manufacturing industry. Belfab's advanced metal bellows are used in such devices as robotic arms that move computer chips between manufacturing steps. Accordion-like bellows act as seals to keep dirty lubricants out of the wafer ...