Dana, Toledo, OH, has completed the sale of its industrial polymer bearings business to Goodrich. (Acquisitions, Expansions).Dana, Toledo, OH, has completed the sale of its industrial polymer bearings business to Goodrich. The transaction included the sale of industrial polymer bearings manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Kilmarnock, Scotland; Annecy, France; and Dolny Kubin, Slovakia; the Glacier Industrial Bearings Division, including its manufacturing operations in Heilbronn, Germany and Sao Paulo, Brazil; a bushing block manufacturing facility in Dieuze, France; Dana's interest in Garlock Bearings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; and certain research and development assets relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc industrial polymer bearings products located in Cawston, England. As a result of the sale, Dana will record a one-time, non-recurring gain of approximately $11 million after tax in the third quarter of 2001. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma sales for the divested operations were approximately $100 million in 2000. The sale did not include Dana's engine bearing business or its related research and development assets. Additional terms of the transaction were not disclosed. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion