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Teleflex sells Simi unit

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[wikichart align=”right” ticker=”NYSE:TDG” showannotations=”true” livequote=”true” startdate=”01-08-2010″ enddate=”01-02-2011″ width=”300″ height=”245″]

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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