Article: United Kingdom: Hampson Industries sells aerospace machining unit.

Byline: manish03

British engineer Hampson Industries Plc (HAMP.L) said on Monday it sold its aerospace machining unit to Darwin Private Equity LLP for 23.7 million pounds ($39 million) in cash.

Hampson Aerospace Machining Ltd (HAML), which employs 300 people and operates from three facilities in the United Kingdom, does the precision machining of metallic components for gas turbine engines and similar applications.

For the year ended March 31, HAML posted a pretax profit of ...

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