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Sale of Zurn Industries Energy Division to Aalborg Industries Group Is Completed
PR Newswire
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July 1, 1997
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COPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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ERIE, Pa., July 1 /PRNewswire/ -- Zurn Industries, Inc., (NYSE: ZRN) and Aalborg Industries A/S jointly announced today that the sale of the Zurn Energy Division to Aalborg Industries has been completed. Details of the sale were not disclosed.
Announcing the sale, Zurn Chairman Robert R. Womack said, "We are very pleased to announce the sale of the Energy Division to Aalborg Industries has been finalized consistent with the terms of our June 5 agreement. The sale supports Zurn Industries' drive to enhance value for shareholders by focusing on growth of our ...
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