DALLAS, March 12 /PRNewswire/ -- Global Industrial Technologies, Inc.,
(NYSE: GIX) said today that is has completed the sale of INTOOL, its
industrial tool business, headquartered in Houston, Texas to Cooper Industries
(NYSE: CBE), also in Houston, Texas for $217.5 million.
Global Industrial Technologies is a major manufacturer of technologically
advanced industrial products that support high-growth markets around the
world.
SOURCE Global Industrial Technologies, Inc.
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CONTACT:
media, Larry Nance, Manager, Corporation
Relations, Public Affairs, 214-953-4518, or investors, George
Pasley, V. P. Communications, 214-953-4510, both of Global
Industrial Technologies, Inc.
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
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