Feb. 2 at 4:33 PM
Stoneridge (NYSE:
$SRI) has closed the
$59M sale of its Control Devices segment to an affiliate of Center Rock Capital Partners, using net proceeds to pay down debt and refocus the business on higher‑growth Electronics and Brazil platforms centered on vision, safety, connectivity, and vehicle intelligence solutions for commercial and off‑highway markets.
https://prismmarketview.com/stoneridge-completes-59m-divestiture-sharpens-focus-on-core-electronics-growth/