Vlak added, "in August this year, we announced our intent to divest our non-core businesses and began reporting these businesses as discontinued operations. With the sales of Greenwald Industries this month, and Canadian Commercial Vehicles and Sesamee Mexicana last year, this transaction further strengthens our focus on our three core businesses." NAUGATUCK, CT / ACCESSWIRE / Novem/ The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Frazer & Jones foundry business ("Frazer & Jones").Īugust Vlak, Eastern's President & CEO, said that "the divestiture of Frazer & Jones is part of our ongoing work to streamline our portfolio of businesses and build scale in our largest businesses, which we believe will accelerate Eastern's growth and strengthen our operating margins.
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