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Bodycote to sell testing arm to Clayton Dubilier at $764 mln

TEL AVIV (MarketWatch) — Bodycote Plc, the Macclesfield, U.K., provider of metallurgical, testing and other services, will sell its Testing Group to Clayton, Dubilier & Rice for 417 million pounds ($764 million), the New York private-equity firm said on Thursday. The group, via 130 labs in more than 25 countries, provides technical and engineering services in aerospace, energy, transport, pharma and other fields. The deal is subject to clearance by regulators and approval by holders of Bodycote. Clayton Dubilier said it expected to close the deal by the end of October.
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Original post by Forextvblog

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