GENERAL SIGNAL PLANS SALE OF LEEDS & NORTHRUP UNIT.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--January 16--General Signal Corporation (GSX GSX Gelled Slurry Explosive GSX Ground Storm X (VMware) GSX Gran Sport Extra (Buick Skylark) GSX Gasco Energy Company GSX Gender Sexuality XYZ ) announced today its plan to sell its Leeds Leeds, city (1991 pop. 445,242) and metropolitan district, N central England, on the Aire River. It lies between one of England's leading manufacturing regions on the west and south and an agricultural region on the north and east. & Northrup (L&N) unit. Merrill, Lynch has been retained as financial advisors for the transaction. In commenting on the proposed sale, Edmund M. Carpenter, chairman and chief executive officer stated that "over the past few years, L & N has undergone a very successful repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. effort, having introduced an array of new products while significantly reducing costs. Consolidation and changes in the instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. and measurement industry have led General Signal to conclude that L&N would be better positioned with an owner that already has significant critical mass in this area or whose strategic focus is to build such a presence. "Over the past six years we've made 24 "bolt-on" acquisitions, completed 15 unit consolidations, and divested 20 units. Upon the completion of the sale of L&N, General Signal's business mix will have been significantly refocused toward the process and electrical equipment A piece of electrical equipment is a machine, powered by electricity and usually consists of an enclosure, a variety of electrical components and often a power switch. Examples of Electrical Equipment
General Signal Corporation, with estimated 1994 sales in excess of $1.7 billion, is a leading manufacturer of equipment and instruments for the process control, electrical, and industrial technology industries. CONTACT: General Signal Corp. Nino Fernandez, 203/329-4320 |
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