Textron Inc., Providence, RI, has agreed to sell its Fluid &Power business unit to Clyde Blowers Limited, a UK-based provider of power, materials handling, intermodal transport and logistics and pump technologies, for up to $645 million.
The sale will mark Textron’s exit from the pump and power transmission industries.
Lewis B. Campbell, Textron CEO, said the move will allow Textron to focus its portfolio for more meaningful value growth, profitability and shareholder …
Textron to Exit Fluid & Power Business
Textron Inc., Providence, RI, has agreed to sell its Fluid &Power business unit to Clyde Blowers Limited, a UK-based provider of power, materials handling, intermodal transport and logistics and pump technologies, for up to $645 million.
The sale will mark Textron’s exit from the pump and power transmission industries.
Lewis B. Campbell, Textron CEO, said the move will allow Textron to focus its portfolio for more meaningful value growth, profitability and shareholder …
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