CHARLOTTE, NC — BFGoodrich Co. announced an agreement to sell its performance materials business to an investor group for about $1.4 billion in cash and debt, completing its transformation from a chemicals and tire maker to an aerospace and industrial products company.
The purchasing group is led by the private-equity firm AEA Investors Inc. Goodrich’s performance materials business is a supplier of specialty plastics and polymers, including additives, resins, and emulsions for coatings.
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