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Gibraltar Industries Exits Renewables With Sale of Racking, Foundations Ops to Unirac

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Gibraltar Industries (ROCK) has completed its exit from the renewable energy business by selling its remaining solar racking and foundations operations to Unirac, it said Thursday.

The company said the transaction concludes a two-step divestiture of its renewables segment, after having sold its electrical balance-of-systems business for cash earlier this year. The financial terms of the deal were, however, not disclosed.

According to the company, this was part of its efforts to simplify its business and focus on its core building products and structures end markets.

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