SFE Technologies to Sell West-Cap Subsidiary
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SFE Technologies, a San Fernando electronics company, said it reached a tentative agreement to sell its West-Cap Arizona subsidiary. SFE did not disclose the terms of the agreement, and said only that the potential buyer was “a privately held company headquartered in the Midwest.”
The deal still depends on the buyer arranging “satisfactory financing,” according to SFE.
SFE also said its investment bankers are still looking for a buyer for its San Fernando division.
If SFE sold both divisions, it would still have manufacturing facilities in Concord, N. C., and Nogales, Sonora, Mexico.
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