Green Touch Builders | Cleaning out the garage: GenCorp sells another business
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April 10, 2015 By SEO Admin

Cleaning out the garage: GenCorp sells another business

GenCorp Inc. has made another move to focus on its core business. The Rancho Cordova rocket maker quietly has sold off another line of business.

In its financial report for its first quarter, the parent company of Aerojet Rocketdyne this week said it reached a deal in March to sell an energy-related business it inherited after buying Rocketdyne. The June 2013 acquisition made GenCorp (NYSE: GY) the largest publicly traded company in the Sacramento region.

GenCorp sold the energy business, which…