Date: 2013-08-01

Delphi Agrees to Sell Bearings Business to Kyklos

Delphi Agrees to Sell Bearings Business to Kyklos

Delphi Corp. said Thursday it has entered into a purchase agreement with Kyklos Inc., a subsidiary of Hephaestus Holdings Inc., for the sale of its bearings business.Financial terms weren't disclosed.

The sale is subject to certain customary closing conditions, including approval by the U.S. Bankruptcy Court for the Southern District of New York at a hearing on March 19, the Troy, Mich.-based auto parts company said.

The deal is expected to close by April 30.

Previous: Hephaestus Holdings, Inc. to Acquire North American Wheel Bearings
Next: Timken Enhances Wind Energy Market with Investment and Expertise

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
BR11 bearing	1.4961	2.4803	0.6693
BR10 bearing	10	10.6	0.8

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.