Federal Signal sells last of tool group

OAK BROOK -- Federal Signal Corp., a company focusing in advancing security and well-being, announced it completed the sale of its tool group to Connell Limited Partnership. The businesses sold include Dayton Progress Corp. and its subsidiary, PCS Co. The sale of these industrial die and mold tooling businesses concludes the divestiture of the tool group and supports the company's desire to tighten its strategic focus, according to James E. Goodwin, interim president and chief executive officer of Federal Signal.