Deals
Apple Supplier CN Innovations Mulls $1 Billion Unit Sale
- Company working with an adviser on sale of cover glass unit
- Hong Kong firm makes components for consumer electronics
Photographer: Ming Yeung/Getty Images
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CN Innovations Group, a supplier to Apple Inc., is weighing a sale of its cover glass business that could fetch as much as $1 billion, according to people with knowledge of the matter.
The Hong Kong-based company is working with an adviser to find buyer for the unit, said the people, who asked not to be identified as the information is private. The business, which manufactures glass for portable electronic devices and consumer electronics products, could draw interest from buyout firms and other companies in the industry, the people said.