Tomkins sells Trico to Kohlberg

Mussig, Jennifer
July 2007
Rubber & Plastics News;7/9/2007, Vol. 36 Issue 25, p3
Trade Publication
The article informs that Tomkins PLC has sold its Trico Wipers business to affiliates of private U.S. equity firm Kohlberg & Co. for about $111 million. Rochester Hills, Michigan-based Trico has eight factories in seven countries and generated $357.7 million in sales in 2006. According to James Nicol, chief executive officer (CEO) of Tomkins, the company will get benefitted from Trico divestiture by reducing its exposure to low-margin automotive original equipment markets


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