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Nitin Fire Protection Industries Ltd. (532854.BY) said Wednesday it will sell a majority stake in its cylinder manufacturing unit to U.S.-based Worthington Industries Inc. (WOR) for about $21 million.
Nitin Cylinders Ltd. operates a facility in India's Andhra Pradesh state with an installed capacity to make 500,000 cylinders a year, Nitin Fire said in a statement.
The maker of fire protection and safety equipment didn't give any other details.
-By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; firstname.lastname@example.org