Pittston to Jettison Coal Business, Focus on Security Operations


The Pittston Co. announces that its board of directors have approved a strategic plan designed to improve shareholder value by focusing the company on the growth of its successful services businesses, exiting the coal business, and eliminating its tracking stock structure.  The primary directive of the plan is to focus the Pittston Co.’s resources on profitably growing the Brink’s Inc., Brink’s Home Security and BAX Global services operations.  “Our future is in global business and security services where Brink’s Inc., Brink’s Home Security and BAX Global have superior products and services, strong market positions, and robust growth prospects,” says Michael T. Dan, chairman, president and CEO of Pittston.  “We see significant opportunities to expand these businesses and further improve their profitability and returns on capital.”

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters