The eastern company announces the sale of frazer & jones

Naugatuck, ct / accesswire / november 22, 2021 / 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"). august 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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