U.S. Industries completes sale of Blue Mountain Industries to Hicking Pentecost PLC for $22.5 million
LONDON, ENGLAND and ISELIN, N.J.–(BUSINESS WIRE)–November 1, 1995–U.S. Industries, Inc. (NYSE-USN) said today that the previously announced transaction to sell Blue Mountain Industries to Hicking Pentecost PLC, a publicly held U.K. company, for $22.5 million in cash, has been completed.
Blue Mountain, located in Blue Mountain, Alabama, is a major producer of threads and yarns for industrial and recreational applications.
U.S. Industries is a diversified industrial management corporation. Its companies include such well known businesses as Jacuzzi, Ames Garden Tools, Ertl Toys, Rexair Vacuum Cleaners, Lighting Corporation of America, EJ Footwear, Garden State Tanning, Farberware and Tommy Armour Golf.
CONTACT: Diana Burton, 908/767-2255
COPYRIGHT 1995 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning