Vontier will use Coats company divestiture for debt reduction

Chicago, Jan. 9 – Vontier Corp. announced another divestiture, the sale of its Coats business to Victor Capital Partners for $72.5 million in cash, according to a press release.

Proceeds will be used for future debt reduction and share repurchases.

Vontier is a Raleigh, N.C.-based industrial technology company focused on transportation and mobility solutions. The Coats Co. is a manufacturer of wheel service, alignment, lift and inspection equipment for the automotive market.

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