DALLAS, March 1 /PRNewswire/ -- Global Industrial Technologies, Inc.
(NYSE: GIX), a Dallas-based manufacturing company, announced today that it is
in negotiations with respect to the possible sale of APG Lime Corp., an
indirect wholly owned subsidiary of Global. Global stated that these
negotiations are the result of its previously announced efforts to explore
possible dispositions of certain of its non-refractory businesses.
Global stated that no assurances can be given that a definitive agreement
will be entered into with respect to such sale and that no further
announcements with respect thereto will be made unless and until a definitive
agreement is executed.
Global is a major manufacturer of technologically advanced industrial
products that support high-growth markets around the world. Products include
forged flanges; undercarriage parts for track-mounted vehicles; modular cells
for refining nonferrous metals; premium refractories for lining
heat-containing industrial vessels such as steel furnaces; raw materials used
to make refractory products; processing and recycling equipment.
SOURCE Global Industrial Technologies, Inc.
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http://www.prnewswire.com/comp/422169.html or fax,
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CONTACT:
George Pasley, V. P. Communications of Global
Industrial Technologies, 214-953-4510
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