United Technologies businesses identified for sale include Hamilton Sundstrand Industrial’s Milton Roy, Sullair and Sundyne, as well as Pratt & Whitney Rocketdyne and Clipper Windpower. These businesses are treated as held for sale and have been moved to discontinued operations in United Technologies' financial statements.
Headquartered in Ivyland, Pennsylvania, Milton Roy specialises in fluid control and odourisation technologies, including metering and centrifugal pumps.
Sundyne, with headquarters in Arvada, Colorado, designs and manufactures industrial pumps and compressors for the process fluid and gas industries.
“We are taking the opportunity to re-evaluate our portfolio as we enter a transformational stage with the proposed acquisitions of Goodrich and Rolls-Royce’s share in the International Aero Engines joint venture,” said United Technologies chairman and CEO Louis Chenevert. “The proceeds from divestitures of non-core businesses will help minimise the equity issuance and reduce dilution from the Goodrich transaction.”
