Cincinnati Firm to Buy Valenite
- Share via
<i> Bloomberg Business News</i>
CINCINNATI — Cincinnati Milacron Inc. has agreed to buy GTE Corp.’s Valenite unit for cash and assumed debt, valued at a total of $80 million, the companies said.
GTE’s sale of Valenite, which makes metal-cutting products, is part of its plan to focus on telecommunications. For Cincinnati Milacron, the acquisition boosts its industrial products business.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
