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Sequa Corporation Announces Sale made Of Automotive Device To The Jordan Business
TAMPA, Fla., December. 15, 2012 /PRNewswire/ Sequa Corporation, a diversified industrial company, today introduced the sale of the company's automotive unit to The Jordan Company, a fresh Yorkbased private equity firm.
"This is really a positive development for Sequa Automotive and The Jordan Company," mentioned Armand F. Lauzon, Jr., Chief Executive Officer. "Jordan anticipates taking this organization to the next level of achievement in terms of new expense and growth.In .
Since 2007 Sequa Firm, under the ownership of global asset management organization The Carlyle Group,www.sandlunds.se/parajumper/, offers expanded Sequa Automotive Team's manufacturing capacity inside Kentucky, Mexico and also China.
Sequa Automotive Class is comprised of ARC Automotive Inc., a manufacturer associated with airbag inflators for the global auto industry, and CASCO Products, an automotive dealer of power resources for consumer electric and handheld units, sensors, and other car or truck equipment.
With home office in Bridgeport, Conn., Sequa Automotive Party employs about 2,Nine hundred people worldwide.
ARC Auto Inc. has making operations in Knoxville, Tenn.; Xian, Cina; Reynosa, Mexico; and Morgantown, Ky. Income offices are in Detroit, Seoul and Tokyo. CASCO Products features locations in Novi, Mich.; Morgantown, Ky.; Bridgeport, Conn.; Montreal, Nova scotia; Sao Paolo, Brazil; Frankfurt, Germany; Turin, Italia; Menzel Bourguiba, Tunisia; and Suzhou, Cina.
Sequa Corporation is a varied industrial company with operations in the aerospace,parajumpers, steel coatings and auto industries. Sequa is a Carlyle Group company.
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