Renk Lowers 2026 Outlook After Agreeing to Sell Slide Bearings Business
Renk said it agreed to sell its slide bearings business to Austria's Miba. The companies did not disclose the purchase price.
By Sarah SloatRenk trimmed its 2026 outlook due to a plan to sell its slide bearings business to Austria's Miba, a move that allows a sharper focus on defense.The companies agreed to keep the purchase price confidential, the German defense company said Thursday.Renk adjusted its 2026 outlook to acc…