Gould sales stake in joint venture to Brown Boveri

[Newspaper]

Publication: The Daily Herald

Chicago, IL, United States
vol. 109, no. 75, p. 32, col. 3-4

Business Briefs

 

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Gould completes partnership sale

 

ROLLING MEADOWS -- Gould, with headquarters in Rolling Meadows, has completed the sale of its 50 percent interest in its U. S. partnership with Gould-Brown Boveri to Brown Boveri. As previously announced, the Navy circuit breaker business conducted at the partnership's Horsham, Penn., plant will be transferred to Gould. Gould received $24 million for the sale and $16 million for the repayment of advances at the closing.

Keywords:Gould, Inc. : Brown Boveri
Researcher notes: 
Supplemental information: 
Researcher:Elton Gish
Date completed:January 7, 2014 by: Elton Gish;