MAN AG's SHW sells casting business in MBO

Newswire

FRANKFURT, May 27 (Reuters) - German industrial group MAN AG's 50-percent owned unit SHW has disposed of its profitable casting business in a management buy-out for an undisclosed price, the company said on Friday. SHW Casting Technologies GmbH and SHW Inc of the United States were purchased by SHW's casting division head Ulrich Severing. The two subsidiaries manufacture castings, used for example in engine housings, and calender rolls for the paper-processing industry. They generated ...

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