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JERSEY CITY, NJ – Cookson Group PLC sold its conformal coating business unit to an investment bank for $55.5 million in cash.

Bunker Hill Capital purchased Specialty Coating Systems for an immediate cash payment of $54 million, with the balance due upon closing of the sale of the SCS China business in early 2006.

 

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HONG KONG -- Foxconn International Holding, the world's sixth largest handset maker, said its 2006 sales should grow at least 30%, according to a news report today.

Analysts estimate that FIH, a subsidiary of Foxconn Electronics, had revenues of $5 billion to $6 billion in 2005, the report said.



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MINNEAPOLIS -- EMS provider Nortech Systems has signed an agreement to purchase Telex Communications' 140,000-sq. ft. manufacturing facility in Blue Earth, MN, in a move to bolster its aerospace systems business.

The sale is scheduled to close on June 30; terms were not announced.


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