Brief: Vontier Announces Divestiture Of The Coats Company

Vontier

09/01/2024 13:31

Jan 9 (Reuters) - Vontier Corp  VNT.N :
    * VONTIER ANNOUNCES DIVESTITURE OF THE COATS COMPANY
    * VONTIER CORP: SALE OF ITS COATS BUSINESS TO VICTOR CAPITAL
PARTNERS FOR $72.5 MILLION, IN AN ALL-CASH TRANSACTION
    * VONTIER CORP - COATS IS PROJECTED TO REPORT 2023 REVENUE
OF
APPROXIMATELY $110 MILLION AND EBITDA OF APPROXIMATELY $10
MILLION

Source text for Eikon:  ID:nBw3K5Ysna 
Further company coverage:  VNT.N 

 ((Reuters.Briefs@thomsonreuters.com;))