Here is the meaning i found that could come close
Post# of 6857
What does division mean in a company?
A corporate division, also known as a business division, is a discrete part of a company that may operate under the same name and legal responsibility or as a separate corporate and legal entity under another business name. Corporations often separate divisions along product or service lines
If this is the case then PPSI is no longer a Subsidiary of UNVC it is already part of the company, this how I read it