Business Services Industry
Axel Johnson Completes Sale of Axel Johnson Metals and Titanium Hearth Technologies
Business Wire, Oct 2, 1996
STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 2, 1996--Axel Johnson Inc. has completed the previously announced sale of substantially all of the assets of Axel Johnson Metals Inc., including its 50 percent interest in Titanium Hearth Technologies (THT), to Titanium Metals Corporaton (TIMET) of Denver, Colorado. The price was $90 million in cash.
Axel Johnson Metals and THT have facilities in Pennsylvania, Nevada and Colorado.
TIMET has hired all of the personnel of Axel Johnson Metals. According to Paul E. Graf, chief executive of Axel Johnson Inc., the proceeds will be reinvested in Axel Johnson Inc.'s core businesses.
Axel Johnson Inc., headquartered in Stamford, operates businesses focused on: environmental products, telecommunications, energy and industrial products. The company has nearly 2,000 employees in plants and offices throughout the United States.
CONTACT: Robert Way
212/490-0808 or 201/744-5051 (collect)
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express