Company aims to sell 4 million shares, raise $250M

SARASOTA — Sarasota-based industrial manufacturer Sun Hydraulics Corp. announced a public offering of four million shares of common stock.

In a letter to employees signed by President and CEO Wolfgang Dangel as well as CFO Tricia Fulton, the Sun executives say they will be meeting with investors to tell them about the company's Vision 2025 and other company news.

The letter also says the investors will have the opportunity to purchase new shares of SNHY stock. Their goal is to sell approximately four million new shares and raise about $250 million.