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Published: Tuesday, 3/9/2010

Structural Products sale closes, Dana reports

Maumee-based Dana Holding Corp. said Monday it has closed on its sale of most of its global Structural Products business to Metalsa S.A. de C.V. for approximately $147 million and the assumption of certain liabilities of the business.

The transaction included operations in the United States, Brazil, Canada, Australia, Argentina, and a joint venture in the United Kingdom. Transfer of a similar facility in Venezuela is expected to conclude later this year.

The operations and assets included in the sale generated revenues of $590 million in 2009. Collectively, the 10 operations employ 2,800 people.

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