GenCorp negotiating sale of automotive profiles unit

By Liz White, ERJ staff
Sacramento, California-GenCorp Inc. is in talks about selling its GDX Automotive business, which makes extruded weatherstrip for major car makers worldwide.
The group deferred its second quarter earnings release to 15 July from 12 July as the announcement about the GDX negotiations went public 12 July.
GenCorp also announced that it has decided to classify the loss-making GDX Automotive unit as a discontinued operation as of the second quarter of 2004, taking a one-time pre-tax charge of between $250 and $300…

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