Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 82.94

+0.4%

Nov 25 3:59 PM EST

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To: tech101 who wrote (1722)	5/31/2002 10:08:13 PM
From: Proud_Infidel	Read Replies (1) of 2260

Jacobson Partners To Buy Corning Appliance Controls Group NEW YORK -(Dow Jones)- Corning Inc. sold its Appliance Controls Group unit to private equity firm Jacobson Partners for an undisclosed amount. In a press release Friday, Corning said the Sugar Grove, Ill. -based Appliance Controls Group had 2001 revenue of $85.1 million, and is composed of Harper- Wyman, which makes combustion components, and Oak Grigsby, a supplier of control components and systems. The unit also has manufacturing and assembly operations in Princeton , Ill. ; Juarez, Mexico ; and Cleveland , Tenn. Corning had 2001 sales of $6.27 billion.

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