Cameron International said it intends to complete its sale of a division that includes its Cheektowaga plant by the end of this year.
Jack B. Moore, the chairman, president and chief executive officer of the Houston-based company, said that Cameron is “in the early stages of our process with the centrifugal [compression] business with a number of very engaged potential buyers.”
Moore, in a conference call with analysts this week, did not name the prospects. Cameron’s factory on Broadway has more than 600 employees.
Cameron plans to complete the sale of another business, its reciprocating compression division, to General Electric for $550 million during the current quarter. GE is believed to be a potential buyer of the centrifugal compression division, as well.