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Another local plant selling to the auto industry is changing hands, following in the footsteps of Lear Corporation, which is spinning off its interior plastics parts unit including a plant in Strasburg, and PolyOne, which is selling its engineered films division in Winchester, to be called O'Sullivan Films, Inc., in a management buyout.
Landis Grinding Systems in Waynesboro and its 225 employees will be folded into the Cinetic Automation Equipment Group in Farmington Hills, Midi., a result of UNOVA, Inc. selling that business to Paris, Francebased Groupe Fives-Lille for $80 million.
A sister company, Landis Lund in England, a unit of Landis Grinding System, is also part of the deal. It has 350 employees at two sites and works closely with the Waynesboro plant.
A machine tool company, Landis makes cylindrical grinders, centerless and disc grinders, sold mainly to automotive original equipment manufacturers. It will become a "sistercompany" of Cinetic, said Silvane Dulude, chief financial officer of Cinetic....