Readers should not place undue reliance on these forward-looking statements, which are based upon management's current beliefs and expectations. Any statements that are not statements of historical fact, including statements containing the words "would", "should", "may," "will," "believes," "estimates," "intends", "continues," "reflects," "plans," "anticipates," "expects," "potential," "opportunities" and similar expressions, should also be considered to be forward-looking statements. Statements in this document about our future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the rules, regulations and releases of the Securities and Exchange Commission. Safe Harbor for Forward-Looking Statements We are pleased to complete two transactions, within approximately three months of our announcement." Vlak added, "in August this year, we announced our intent to divest our non-core businesses and began reporting these businesses as discontinued operations. With the sales of Greenwald Industries this month, and Canadian Commercial Vehicles and Sesamee Mexicana last year, this transaction further strengthens our focus on our three core businesses." NAUGATUCK, CT / ACCESSWIRE / Novem/ The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that it has sold its Frazer & Jones foundry business ("Frazer & Jones").Īugust Vlak, Eastern's President & CEO, said that "the divestiture of Frazer & Jones is part of our ongoing work to streamline our portfolio of businesses and build scale in our largest businesses, which we believe will accelerate Eastern's growth and strengthen our operating margins.
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