GenTek to sell NOMA CableTech business for about $33 mln

Newswire

Nov 30 (Reuters) - Chemical products company GenTek Inc. said on Wednesday it agreed to sell its Canadian NOMA CableTech business to Georgia-based Southwire Co. for about $33 million. GenTek said the cash proceeds from the sale, expected to close early in the first quarter of 2006, would be used to further reduce the company's long-term debt and fund working capital needs. (Reporting by Sowjanya Kashyap in Bangalore)

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