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Stock Market & Financial Investment News

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December 12, 2012
11:17 EDTSIFSIFCO Industries announces divestiture of Applied Surface Concepts
SIFCO Industries announces the divestiture of its Applied Surface Concepts business segment to Norman Hay plc located in the United Kingdom. The ASC business includes its U.S. operations, headquartered in Cleveland, Ohio, and three European operations located in France, Sweden and the United Kingdom. The ASC business develops, manufactures and sells selective plating products and provides contract services for low volume repair, refurbishment and OEM applications. The transaction, which includes all of the ASC operations, closed on December 10. This divestiture furthers our strategy of strengthening our portfolio of companies that serve the aerospace and energy markets.
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