Modine, Dana terminate $1 deal for automotive business

Modine headquarters in Racine
Modine headquarters in Racine

Last updated on October 28th, 2021 at 12:21 pmRacine-based Modine Manufacturing Co. will no longer sell the liquid-cooled portion of its automotive business to Ohio-based Dana Inc. after the two companies agreed to terminate the deal. The deal, which called for Dana to acquire around 70% of Modine’s automotive business for $1 plus the assumption

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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