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The company said it planned to sell operations in Canada, Hungary and Indonesia.
Energis also offered to cut 400 jobs and sell operations it bought in Continental Europe during a two-year acquisition spree that increased debt.
The Pennzoil-Quaker State Company said yesterday that it would sell operations this year valued at as much as $200 million as the company, the maker of the two best-selling brands of motor oils, gets out of the refining and retail-fuel businesses.
The earlier European strategy has seen Rocket sell operations to the likes of Groupon (CityDeal for around $100 million) and eBay (Alando for $54 million).
He contends that in recent years other apparel companies have chosen to limit their direct manufacturing, effectively converting into "design, distribute and sell" operations, in order to lower costs and save themselves from dealing with the ebb and flow of managing production lines.
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Ford is selling operations unrelated to carmaking.
Nortel Networks said yesterday that it was selling operations that produce optical components for $108 million to Bookham Technology of Britain.
In its 11-year history, NanoGram has spun off or sold operations to other companies in communications and medical electronics.
David Barford, the director of selling operations at John Lewis, the department store, said: "Men have been out in force this week buying last-minute presents in lingerie and beauty.
Auctions are an important part of selling operations in the agricultural markets of many countries, for they have traditionally provided a rapid and effective means of disposing of goods, especially perishable products.
PalliaTech is a Massachusetts-based holding company with controlling investments in cannabis growing, processing and selling operations in eleven states.
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