Thomas & Betts Corp (T&B), Memphis, said it has decided to sell its plastic pipe operations, which generated annual sales of about $230 million.
Thomas & Betts acquired the business as part of its $450 million purchase of Lamson & Sessions Co., a deal that closed in November.
Morgan Joseph & Co. is the exclusive financial adviser for the sale of the operations, which are headquartered in Cleveland, the company said.
Carlon tried to sell the PVC pipe business when it was part of Carlon.
Thomas & Betts reported third quarter net earnings of $51.3 million, up 15.3 percent from $44.5 million in the third quarter of 2006.