BGL Completes Divestitures for Eaton Corporation and Intermet Corporation

The investment banking firm of Brown, Gibbons, Lang & Company (BGL) announced it has completed the divestitures of Vickers Electrics of Casella, Italy, a division of Eaton Corporation (NYSE:ETN) and Iowa Mold Tooling Company, Inc., a division of Intermet Corporation (NASDAQ:INMT). Both transactions were completed in October, 2000.

Moog Inc., (AMEX:MOGA) a worldwide manufacturer of precision control components and systems, acquired Vickers Electrics. The company manufactures high-performance electric motors, drives and servo systems.

American Capital Strategies and Management (NASDAQ:ACAS) acquired Iowa Mold Tooling Company Inc., a world-leading innovator in the design, engineering and manufacture of specialized cranes, tire service vehicles, and lubrication and field service vehicles. It also manufactures equipment and related devices for the utility, railroad and mining industries worldwide.

“For both transactions, BGL developed global marketing strategies targeting key strategic and financial buyers,” said Andrew K. Petryk, BGL managing director and principal. “The marketing processes resulted in highly-competitive auctions and attractive valuations and structures for our clients.”