Drew Industries sells presses; outsourcing extrusion needs
Apr 11, 2014 | 04:14 PM
| Michael Cowden
CHICAGO Drew Industries Inc. will exit the aluminum extrusion business and outsource its extrusion requirements with the sale of three extrusion presses to Atrium Windows & Doors Inc., a company official told AMM.
The Elkhart, Ind.-based recreation vehicle and mobile home parts suppliers Lippert Components Inc. subsidiary sold its aluminum extrusion assets to Dallas-based Atrium for $7.5 million, the company said in a statement April 11. Drew expects to record a pretax loss of $2 million in the second quarter as a result of the deal.....
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