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Lundy Financial Systems

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BUSINESS
March 10, 1992
TransTechnology Corp., a Sherman Oaks-based concern that makes a variety of industrial and defense-related products, said it has entered into an agreement to sell its Lundy Financial Systems business for $37.8 million to Recognition Equipment Inc., a Dallas-based maker of equipment for document processing and computer data entry. Of the total, $35.3 million will be paid in cash and $2.5 million in a three-year note, TransTechnology said.
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BUSINESS
March 10, 1992
TransTechnology Corp., a Sherman Oaks-based concern that makes a variety of industrial and defense-related products, said it has entered into an agreement to sell its Lundy Financial Systems business for $37.8 million to Recognition Equipment Inc., a Dallas-based maker of equipment for document processing and computer data entry. Of the total, $35.3 million will be paid in cash and $2.5 million in a three-year note, TransTechnology said.
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BUSINESS
August 27, 1991
TransTechnology Corp. said its Lundy Financial Systems division sold $2.6 million of document-processing systems to Bell Canada, the leading telecommunications concern in Canada. TransTechnology, a Sherman Oaks-based concern that makes a variety of industrial and defense-related products, said Bell Canada would install the system at its sites in Ontario and Quebec.
BUSINESS
March 31, 1992
TransTechnology Corp. said it has completed the previously announced move of its corporate headquarters from Sherman Oaks to Union, N.J., as part of a restructuring effort. The maker of defense and industrial equipment also said it completed the sale of its Lundy Financial Systems business to Recognition Equipment Inc. for $37.8 million. The proceeds will contribute to a pretax gain of $5.6 million in TransTechnology's fiscal fourth quarter ending today, the company said.
BUSINESS
September 24, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
TransTechnology Corp. makes an amalgam of aerospace, computer and industrial products, ranging from rescue hoists and missile cables to bank-check processors, weather instruments and crane accessories. In other words, it's a small conglomerate with a stake in defense-related markets. Talk about fighting an uphill battle.
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