BORG-WARNER &lt;BOR> TO SELL UNIT FOR 240 MLN DLRS

  Borg-Warner Corp said it agreed to sell
  its industrial products group to &lt;Clayton and Dubilier Inc>
  and senior management of the group, for about 240 mln dlrs.
      Clayton and Dubilier is a New York-based private investment
  firm, which has completed two other management-led buyout
  transactions since December 1986.
      Borg-Warner's industrial products group, based in Long
  Beach, California, has sales of about 300 mln dlrs and employs
  about 3,000 staff.
      Its businesses include standard and custom engineered
  centrifugal pumps and mechanical seals for the petroleum
  industry and advanced controls for the aerospace and defense
  industries.
      The sale is part of Borg-Warner's planned restructuring.
      the proposed sale is subject to approval by Borg-Warner's
  directors, it said.
  

