Andrew Concludes Sale of Equipment Shelters Business.Business Editors ORLAND PARK Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , Ill.--(BUSINESS WIRE)--Oct. 31, 2002 Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANDW) announced today that it has sold the assets of its communications equipment shelter business to Oldcastle Precast pre·cast adj. Relating to or being a structural member, especially of concrete, that has been cast into form before being transported to its site of installation. , Inc., a subsidiary of CRH plc., a leading international buildings materials manufacturer. Oldcastle Precast specializes in the manufacture and distribution of primary construction materials and value-added building products, including communications equipment shelters. Under the terms of the agreement, Oldcastle Precast will operate the former Andrew shelter manufacturing facilities in Newnan, Georgia, and Burlington, Kansas. Oldcastle will retain most of the Andrew shelter employees, including the Andrew shelter management team. Specific financial details of the transaction were not released. About Andrew Corporation Andrew Corporation is a leading global supplier of infrastructure equipment systems for wireless, fixed-line and broadband and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and broadcasters throughout the world. Andrew is an S&P 500 company listed on the Nasdaq National Market System under the symbol: ANDW. |
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