Borg-Warner selling its Long Beach unit.
Borg-Warner, a diversified manufacturer with interests in chemicals and auto parts, said it is selling its industrial products business in Long Beach to a group of company executives and a New York investment firm for $240 million cash. The sale of the unit is part of an effort to restructure Borg-Warner, which faces a takeover threat from financier Irwin L. Jacobs. The industrial products group makes fluid control systems, seals and service pumps, largely related to the energy business.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
