SIFCO Industries to sell Italian subsidiary C Blade S.p.A. for €20M enterprise value

SIFCO INDUSTRIES INC

SIFCO Irish Holdings agrees to sell 100% of C Blade S.p.A. to TB2 S.r.l. for €20M enterprise value (€13.8M net equity at closing).
Closing expected Sept 18, 2024, subject to Italian Golden Power approval and customary conditions.
Non-compete covenants restrict SIFCO in Europe, UK, Vatican, Switzerland, and San Marino.
Buyer to obtain R&W insurance; Seller indemnifies for breaches not covered by policy.

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