Melrose Industries selling Ergotron business to The Sterling Group for $650mn

LONDON, UK: Melrose Industries Plc has entered into an agreement to sell its Ergotron business, to funds managed by The Sterling Group for total consideration of approximately $650 million, payable in cash on completion. Ergotron is a leading designer, manufacturer and distributor of ergonomic products for use in a variety of working, learning and healthcare…