MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Textron Completes Sale of Tools Business to Emerson

Textron (NYSE: TXT), Providence, RI,  has completed the sale of its Tools & Test businesses and brands to Emerson (NYSE: EMR), St. Louis, MO, for approximately $810 million in cash.

The deal was announced this spring, and includes all the Textron Tools & Test businesses and brands--Greenlee, Greenlee Communications, Greenlee Utility, HD Electric, Klauke, Sherman+Reilly, and Endura. Proceeds from the sale are expected to be used to fund additional share repurchases to offset the earnings impact related to the sale, the company said.

 

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center