Stanadyne To Sell Subsidiary
Stanadyne Corp. has entered into a definitive agreement to sell its wholly-owned subsidiary, Precision Engine Products Corp. to GT Technologies, a part of GenTek Inc.,
Precision Engine Products manufactures hydraulic lash adjusters and roller rocker arm assemblies at its production facility in Tallahassee, Fla. "Precision Engine Products Corp. has been a part of our company for many years,” said M. David Jones, Stanadyne president and CEO. “After carefully evaluating the strategic direction of our businesses, we believe that PEPC will be a better fit within the GenTek group of companies. Although Stanadyne has devoted considerable resources to the restructuring of Precision Engine Products Corp., this sale allows us to exit this under-performing line of on-highway business and concentrate on our core off-highway markets and specialty fuel system businesses."
Stanadyne supplies diesel fuel injection and filtration systems, and oil and fuel supply pumps used in agricultural, construction, automotive, marine and industrial vehicle and equipment applications.