Oglebay Norton to sell lawn and garden unit.(Stockpile: the latest industry news)(Brief Article)

As part of its ongoing business restructuring, Oglebay Norton Co. announced that its wholly owned subsidiary, Global Stone Corp., has sold its lawn and garden business unit to Oldcastle Retail Inc. Terms of the asset purchase agreement were not disclosed. However, as part of the asset purchase agreement, Oglebay will continue to supply Oldcastle Retail with certain raw materials under a multiyear agreement.

"This sale is a prime example of how we are making tangible progress on our publicly stated goals to pay down debt and better position the company for the future aro