USA: GenCorp Makes Major Strategic Growth Move
GenCorp (NYSE: GY) today announced that it has signed an agreement to acquire The Laird Group's Draftex International Car Body Seals Division. This acquisition will significantly enhance shareholder value by making GenCorp's Vehicle Sealing business the second largest automotive vehicle sealing supplier in the world, almost doubling segment sales. In addition to adding essential global capability, the immediately accretive acquisition will increase cash generation to fuel other growth activities.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable