4/2/2015 5:51:00 PM
NEWS BRIEFS
Report: Doncasters Selling Fastener Business
UK-based Doncasters Group is pursuing a sale of its structural-fastener business, the Wall Street Journal reports.
Doncasters reportedly is in the early stages of a sales process that could bring as much $500 million for the business, according to the Journal.
Doncasters is owned by Dubai International Capital LLC, which acquired the company in 2006 for about $1 billion.
Doncasters had fastener sales of $231.1 million in 2013, the last year for which financial results are available.
Doncasters was founded in 1778 when Daniel Doncaster established an operation in Sheffield, England, to manufacture hand tools.
Today Doncasters manufactures fasteners, studs and related products for the transportation, energy, aerospace and industrial markets. Doncasters employs 5,000 in over 20 sites in the UK, Europe, U.S., China and Mexico. Doncasters is headquartered in Burton-upon-Trent, UK, and the U.S. main office is at 36 Spring Lane, Farmington, CT 06032. Web: doncasters.com
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