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Article: Black & Decker to Sell 4 More Units
- Article from:
- The Washington Post
- Article date:
- October 5, 1990
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Black & Decker Corp., the world's largest producer and marketer
of power tools, yesterday announced agreements to sell four
businesses as part of its ongoing effort to reduce debt stemming from
its 1989 takeover of Emhart Corp.
Together, the four sales will generate a net income of $150
million, Black & Decker officials said.
Among the businesses being sold is Medic Inc., a medical
computer systems subsidiary of Planning Research Corp., a Northern
Virginia-based defense contractor formerly owned by Emhart. Medic
will be sold to a management-led buyout group.
Other companies to be sold include True Temper Hardware, which
will be bought by Huffy Corp. of Dayton, Ohio; GardenAmerica, ...