Providence, RI - November 12, 2008 - Marking its exit
from the pump and power transmission industries, Textron Inc. (NYSE:
TXT) today announced that it has completed the sale of its Fluid &
Power business unit to Clyde Blowers Capital Fund II LP.
About Clyde Blowers
Clyde Blowers is a UK-based worldwide leader in the areas of clean
energy technologies for coal fired power plants, materials handling,
intermodal transport and logistics and pumping solutions. Clyde
Blowers has over the past 15 years built a truly global portfolio of
42 companies in 21 different countries around the world employing
approximately 2,500 people with a combined turnover in excess of $1.4
billion.
About Textron Inc.
Textron Inc. is a $12.6 billion multi-industry company operating
in 28 countries with approximately 42,000 employees. The company
leverages its global network of aircraft, defense and intelligence,
industrial and finance businesses to provide customers with innovative
solutions and services. Textron is known around the world for its
powerful brands such as Bell Helicopter, Cessna Aircraft Company,
Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Textron Systems and
Textron Financial Corporation. More information is available at
www.textron.com.
