Kaydon Corp., a diversified manufacturer of customer-engineered products, is weighing the future of its troubled fluid power products group, which recently has been running in the red because of weak demand for hydraulic fluid power products. The review of strategic alternatives could lead to a sale of the business. Kaydon said it took a special charge of $38.1 million to write down the assets of the group because of operating and cash flow losses. The company further warned that the outlook is for “prolonged weakness in demand” for hydraulic fluid power products and a continuation of losses.
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