UK’s Melrose to sell Ergotron business to U.S. Sterling Group for $650 mln

June 6 (Reuters) – British jet and auto parts supplier Melrose Industries Plc (MRON.L) agreed on Monday to sell its Ergotron unit to funds managed by U.S.-based the Sterling Group for $650 million.

The London-listed company expects the sale of the division that manufactures ergonomic desks and office accesssories to complete by the third-quarter of this year.

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Reporting by Amna Karimi in Bengaluru; Editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.

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