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Moog unloads a piece of its fledgling medical device operations

The company is also exploring whether to sell off the remaining division
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Moog is selling off a medical device company it snatched up just a few years ago and is mulling whether to also unload its remaining medical device operations. The Buffalo News reports that Moog, which is based in nearby East Aurora, NY, sold Ethox Medical for an undisclosed amount to the Michigan private equity firm Dempsey Ventures. In 2009, Moog snatched up the maker of disposable medical products in a $15.2 million deal, the story notes. But Moog has also retained RBC Capital Markets to explore the possibility of selling its entire medical devices segment, something it became a part of only in 2006. The reason for the potential switch: falling profits in the business line. Moog is best known as a maker of motion- and fluid-control systems for aerospace, defense and industrial applications. Story

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