Maker of industrial products
said Tuesday that it completed the sale of its dock products business to management of
and an affiliate of
, a Lake Forest, Ill.-based middle-market private equity investment firm.
SPX Dock Products, based in Carrollton, Texas, has annual revenue of about $150 million, the Charlotte, N.C.-based company said.
"The sale of Dock Products further streamlines the company structure. Our strategic focus for growth remains on our three core segments, flow technology, test and measurement, and thermal equipment and services," the company added.
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