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Submarine and ship parts maker mulls division sale
['Bdaily Business News', 'Published By']
Bdaily
Submarine and ship parts maker mulls division saleEngineer Goodwin is considering a defence and nuclear parts business sale.
The Stoke-on-Trent-based group is exploring a possible offloading of a “substantial part” of its mechanical engineering division.
Goodwin says discussions are ongoing and that there is no certainty of a sale taking place.
“These options include the potential sale of a substantial part of the mechanical engineering division, which includes GSC (Goodwin Steel Castings), GI (Goodwin International) and Noreva, Easat and Pumps.”
Goodwin Steel Castings and Goodwin International have particularly delivered a boost to the company’s profits, according to its latest annual report.