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Teleflex sells Simi unit

By   /   Monday, December 13th, 2010  /   Comments Off on Teleflex sells Simi unit

Teleflex announced Nov. 29 that it has agreed to sell a unit of its Simi Valley-based subsidiary, Telair International, for $94 million.

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Teleflex announced Nov. 29 that it has agreed to sell a unit of its Simi Valley-based subsidiary, Telair International, for $94 million.

The buyer, TransDigm Group, will acquire Telair’s commercial and military aircraft actuation business. The actuation business was expected to contribute about $25 million in revenue in and 15 cents per diluted share in earnings for 2010.

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