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Textron Out of the Fastening Business

Textron Out of the Fastening Business

Tuesday, August 15, 2006
 
Textron Inc., Providence, RI, has sold its Fastening Systems unit to a California-based private equity firm, Platinum Equity. The sale follows several similar moves made recently by Textron in its effort to divest itself of non-core manufacturing businesses. Textron owns leading aircraft manufacturers Bell Helicopter and Cessna Aircraft, among other well-known brands. Learn more at www.textron.com.

 

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