Graham Corporation Completes Divestiture of Commercial Nuclear Utility Business
Graham Corporation (GHM)
NASDAQ:AMEX Investor Relations:
graham-mfg.com/investor-relations-contacts
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Source: Business Wire
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE:GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that it completed the divestiture of its commercial nuclear utility business that it classified as held for sale as of March 31, 2019. The business was sold to a division of Avingtrans PLC, Hayward Tyler, a global leader in performance-critical pumps and motors for the energy sector.James R. Lines, Graham’s President and Chief Executive Officer, noted, “We are pleased to have found a strategic buyer for our commercial nuclear utility business, Energy Steel. We expect that the transaction will be accretive to our margins and earnings. Having completed this divestiture, we are now better positioned to focus even more attention on growth opportunities presented by the refining, petrochemical and defense industries.”During the year ended March 31, 2019, the commercial nuclear
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GHM
Earnings
- 11/8/24 - Beat
GHM
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- GHM's page on the SEC website