Sequa Corp. Completed The Sale Of Its Caval Tool Division
SEQUA CORP. completed the sale of the Caval Tool division of its Chromalloy Gas Turbine subsidiary to MTU Aero Engines Components, Inc., a unit of Daimler-Chrysler Corp. Sequa said the sale, effective Feb. 28, generated cash proceeds of $46 million. Caval, based in Newington, Conn., manufactures...
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