Modine Portfolio Transformation Strategy Continues with Divestiture

Modine stated that since launching its transformation in 2021, it has pursued a strategy of evolving its portfolio through acquisitions and strategic divestitures. This transaction aligns with that ongoing transformation strategy.

“Since launching our transformation in 2021, we have been clear about the strategy to evolve our portfolio, including by acquiring new businesses to expand our product offerings and strategically divesting others.”

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