CHARLOTTE, N.C. -- SPX Corp. has entered into a definitive agreement to sell its interest in Filtran, a global leader in automotive filtration solutions, to Madison Capital Partners, for an undisclosed price.
The financial results for the Filtran business unit have been reported as discontinued operations since the fourth quarter 2008.
The sale, subject to customary closing conditions, is expected to be completed by the end of the fourth quarter 2009.
