HUBB - Hubbell Sells Residential Lighting Business For $131M - CEO Touts Creation Of Focused Portfolio | Benzinga
Hubbell Inc (NYSE: HUBB) inked a definitive agreement to sell its Residential Lighting business to Kingswood Capital Management for $131 million.
"This transaction reflects our ongoing strategy to create a focused portfolio with attractive growth and margin characteristics," said Gerben Bakker, Chairman, President and Chief Executive Officer.
The business sells indoor and outdoor ...