Dover Corporation: Dover Completes Sale Of Tipper Tie
DOVER COMPLETES SALE OF TIPPER TIE
Downers Grove, IL, November 1, 2016 - Dover (NYSE: DOV) announced today that it has completed the previously announced sale of its Tipper Tie unit, headquartered in Apex, North Carolina, to JBT Corporation (NYSE: JBT) for $160 million.
Dover is a diversified global manufacturer with annual revenue approaching $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at www.dovercorporation.com.
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