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February 07, 1994 01:00 AM

SPX BUYS FIRM'S STAKE IN SEALED POWER

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    MUSKEGON, Mich.-SPX Corp. said it has signed a letter of understanding with Riken Corp. of Tokyo to acquire Riken's 49-percent interest in Sealed Power Technologies L.P. SPX, which already owns 49-percent of the business, will pay Riken $39 million and will assume about $200 million in debt.

    Sealed Power is a global supplier of vehicle parts, including piston rings, cylinder sleeves and valve train components.

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    • News
      • OPINION
      • BUSINESS/FINANCIAL
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      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • Mid-Year Report 2022
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
      • RUBBER NEWS EVENTS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION