A Flexible Philosophy; New Assembly Lines Will Help Reduce Extra Inventory Costs
The Milwaukee Journal Sentinel › March 13, 2007
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Summary
Dresser Inc., the parent of Waukesha Engine Corp., will be sold to a private investment group, giving the new owners some automated manufacturing systems like those found at a growing number of companies.
On Monday, Dresser announced it was being acquired by a trio of private investment firms that includes Lehman Brothers, a New York bank with a $1.6 billion equity fund.See the full content of this document
Extract
A Flexible Philosophy; New Assembly Lines Will Help Reduce Extra Inventory Costs
Terms of the deal were not disclosed. Dresser's new owners will be Lehman Brothers and business partners Riverstone Holdings LLC and First Reserve Fund XI.
Dresser, based in Dallas, currently is owned by private investors including First Reserve Fund. One of its division...See the full content of this document
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