Sundram Fasteners' unit buys div of Dana Spicer-BSE


BOMBAY, Dec 22 (Reuters) - Cramlington Precision Forge Ltd (CPFL), a 100 percent subsidiary of Sundram Fasteners Ltd , has acquired the precision forgings business of Dana Spicer Europe Ltd (DSEL) for 1.5 million pounds, the Bombay Stock Exchange (BSE) said on Monday. The business hopes to achieve sales of six million pounds in two years, a posting on the BSE Web site ( said. The deal includes a definitive supply agreement whereby Dana Automocion, an associate of DSEL, ...

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