Portfolio Realignment: Bendix divests R.H. Sheppard Co. Inc. to Balmoral Funds

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Portfolio Realignment: Bendix divests R.H. Sheppard Co. Inc. to Balmoral Funds

AVON, Ohio —  Bendix Commercial Vehicle Systems (Bendix)has finalized the sale of its wholly owned subsidiary, R.H. Sheppard Co. Inc. to an affiliate of Balmoral Funds  (Balmoral), a Los Angeles-based private equity firm. “The divestiture is a vital part of the BOOST program in place worldwide at Knorr-Bremse. It enables us to align our business with even greater focus and profitability,” said Piotr Sroka, president, CEO, and COO at Bendix. “Whi…