Derlan plans sale of industrial group

Article Abstract:

Derlan Industries Ltd. has announced plans to divest its non-core industrial products group consisting of firms that make industrial valves, packaging machinery and building entrances. The units are making a small and growing profit, but the Toronto, Ontario-based aerospace manufacturer hopes to focus on three key areas showing greater promise. Derlan chairman and CEO Dermot Coughlan said the firm plans to use proceeds of the sell off for acquisitions to strengthen the focus of three core divisions. These three core units and key areas consist of industrial pumps, semiconductor making equipment, and aerospace parts and overhaul.

Comment:

Plans to divest non-core industrial prods group consisting of industrial valve, packaging machinery and building entrance makers

Packaging Machinery Manufacturing, Packaging Machinery ex Food, Metal Valve Manufacturing, Valves & Pipe Fittings, Packaging machinery

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Derlan to unload semiconductor assets

Article Abstract:

Toronto, Ontario-based Derlan Industries Ltd., a manufacturing firm in the aerospace industry, disclosed plans to divest its financially-troubled operations for semiconductor equipment in a move aimed at addressing its debt problems. Derlan Industries also disclosed a reorganization initiative for its management staff and the assumption in the third quarter of 1998 of a writedown worth C$29.2 million. The plans of Derlan Industries, however, apparently did not impress analysts from the financial sector and investors.

Comment:

Plans to divest its financially-troubled operations for semiconductor equip to address its debt problems

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Facilities & equipment, Ontario

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Leading bidder for Bally shoes said to be ex-president of Bata

Article Abstract:

Bally, the shoe division of diversified Swiss conglomerate Oerlikon-Buhrle Holding Ltd, is being woed by Thomas G Bata, the former president of Toronto, Canada-based Bata Ltd, a rival of Bally. The private bid of Bata does not involve Bata or its honorary chairman and his father, Thomas J Bata. Bally is also being eyed by Texas Pacific Group Inc, a New York private investment house, and Bain Capital Inc, a Boston, MA-based venture capital firm, and the owner of the Domino's Pizza chain.

Other Footwear Manufacturing, Nonrubber Footwear, Bally

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