TITLE

Tomkins sells Trico to Kohlberg

AUTHOR(S)
Mussig, Jennifer
PUB. DATE
July 2007
SOURCE
Rubber & Plastics News;7/9/2007, Vol. 36 Issue 25, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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
ACCESSION #
25828615

 

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