Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (126)	2/5/1999 3:45:00 PM
From: Herb Duncan	Respond to of 319

FYI TORONTO, ONTARIO--Derlan Industries Limited announced today the divestment of the Radiant Power product line of Santa Ana, California to Heico Corporation of Hollywood, Florida for approximately $10 million. The Radiant Power product line had sales of approximately $6.5 million in 1998. This divestment is a further step in Derlan's program announced in November, 1998 to complete the divestment of certain operations. As part of this program, Derlan announced on December 22, 1998 that it had sold Roberts PolyPro Inc. of Charlotte, North Carolina, and Brenton Engineering Company of Alexandra, Minnesota, for approximately $40 million. On January 4, 1999, Derlan announced the sale of GFG Corporation of Milwaukee, Wisconsin for approximately $25 million. Negotiations for further divestments are proceeding. In addition, BT Wolfensohn and BT Alex Brown are progressing with their appointment to explore all options to increase shareholder value. Derlan is an industrial corporation, manufacturing products for the aerospace and pump industries. The company has operations in Canada, the United States, Mexico and Germany. Its shares are listed on the Toronto Stock Exchange under the symbol DRL.