Reports are circulating that auto parts maker Crowne Group is looking into the possible sale of its wiper blade group, Trico.
Bloomberg recently reported that people familiar with the matter said Crowne has had discussions with investment banks about a possible sale. A final decision hasn’t been made, according to Bloomberg, and the company could ultimately decide to keep the Michigan-based business in its portfolio.
Bloomberg also said e-mails and telephone messages asking for comment were not returned.
“As we continue to grow our aftermarket business, it became clear to us that we should lead with our best-known brand name, Trico, as our company name representing our product brands, as well as our continued focus on customer growth,” Trico group president Jay Burkhart said at the time.