Dana Corporation, Toledo, OH, has completed the sale of its North American coupled products business to Coupled Products LLC, a wholly owned subsidiary of Wanxiang (USA) Holdings Corporation.
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The sale concludes the divestiture of Dana’s fluid products business. Last month, the company closed the sale of its North American fluid products hose and tubing operations to Orhan Holding, A.S. Dana previously sold its European fluid products hose and tubing operations to Orhan in July 2007.
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The completion of this divestiture marks another important step in Dana’s efforts to concentrate our resources on the core products and competencies that are the foundation for our future growth,” said Dana Chairman and CEO Mike Burns.
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The coupled products plants …
Dana Corp. Completes Sale of Fluid Products Businesses
Dana Corporation, Toledo, OH, has completed the sale of its North American coupled products business to Coupled Products LLC, a wholly owned subsidiary of Wanxiang (USA) Holdings Corporation.
  ;
The sale concludes the divestiture of Dana’s fluid products business. Last month, the company closed the sale of its North American fluid products hose and tubing operations to Orhan Holding, A.S. Dana previously sold its European fluid products hose and tubing operations to Orhan in July 2007.
  ;
The completion of this divestiture marks another important step in Dana’s efforts to concentrate our resources on the core products and competencies that are the foundation for our future growth,” said Dana Chairman and CEO Mike Burns.
  ;
The coupled products plants …
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