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Tomkins has expressed an interest in bidding for parts of BTR's automotive business, which may be sold off following BTR's merger with Siebe. 10-Dec-1998 Siebe and BTR are merging to create a £9bn control systems and automation group, and about 1,000 UK jobs could be lost as a result. 24-Nov-1998 BTR is selling its Australian polymer products business to Austrim for £23m, as part of a strategy to transform itself from a conglomerate into a focused engineering company. 22-Oct-1998 BTR is planning to cut a further 1,000 jobs in its engineering businesses in order to achieve cost savings of £25m a year. 11-Sep-1998 BTR has acquired Swichtec Power Systems, the New Zealand manufacturer of power equipment for the telecoms sector, for up to £44m. 20-Aug-1998 BTR is selling its Dunlop and Standard aerospace operations to Doughty Hanson for £510m, which will complete its transformation from a conglomerate into a focused engineering group. 01-Aug-1998 BTR has sold the Hawker Pacific and Hawker de Havilland aerospace businesses in Australia to Celsius of Sweden and Tenix of Australia respectively for a total £62m. 06-May-1998 Owens-Illinois of the US has been told by the European Commission that it must dispose of BTR's glass packaging operations in the UK in order to win approval for its £2.2bn bid, which means it will not be able to benefit from the merger of the two UK businesses. 24-Apr-1998 BTR is acquiring a 70% stake in Saiag, the Italian automotive sealings company, for £41m, in order to consolidate its position in the European market and provide access to emerging markets such as China. 22-Apr-1998 BTR is negotiating the sale of its Hawker Pacific aircraft maintenance business in Australia to Celsius of Sweden, for about £38m. 07-Apr-1998 BTR has sold its MBCI metal building components business in the US to NCI Building Systems for £330m, thereby reaching over 90% of its target for disposals. 27-Mar-1998 BTR is selling its Australian building materials and Formica laminates businesses to CVC Capital Partners for about £650m, as part of a strategy to focus on engineering. 17-Mar-1998 BTR has sold its glass and plastic bottling operations to Owens-Illinois of the US for £2.2bn, and Owens-Illinois is now hoping that European regulators will not object to its strong position in the glass packaging market. 03-Mar-1998 BTR has appointed brokers for the potential £400m flotation in Australia of its building products business, which includes concrete pipes, railway sleepers, steel roofing and insulation. 15-Jan-1998 BTR is inviting potential bidders to make an offer for its packaging business by February 2nd, indicating that Owens Illinois has not been given exclusive negotiating rights. 13-Jan-1998 BTR is said to have given Owens-Illinois of the US exclusive rights to bid for its glass packaging business, which includes Rockware and is worth about £700m. 22-Dec-1997 BTR is to sell its US seals and shielding systems business, its hosing and belting businesses, and a number of small industrial businesses to a management-led venture called Unipoly, in a £515m disposal that will help it focus on engineering. 08-Nov-1997 BTR is said to be close to selling its polymer products business, with Legal & General Ventures thought to be one of the front-runners, and it is also looking to sell its packaging and building products division in order to focus on automotive, control systems, specialist engineering and power drives. 20-Oct-1997 BTR is to acquire Exide Electronics, the US supplier of uninterruptible power-supply systems, for £360m. 17-Oct-1997 BTR Automotive has won a £43m annual contract to supply sealing and anti-vibration systems for a General Motors car. 03-Oct-1997 BTR is planning to sell its packaging division, its building products division and its polymeric products division, representing 36% of group sales, in order to focus on engineering. 12-Sep-1997 BTR has sold Serck Heat Transfer, the Birmingham-based heat transfer equipment business, to NatWest Ventures for £31.5m. 05-Sep-1997 Low & Bonar, the packaging company, has acquired Nuway, the flooring business, from BTR for £11m, and plans to make further acquisitions over the next year. 12-Aug-1997 BTR has bought Limitorque, the valve actuator concern, for £36.8m. 06-Aug-1997 BTR has acquired Microlite's Brazilian industrial batteries operation for £44m, as part of a strategy to boost sales in emerging markets. 01-Aug-1997 Lear Corporation of the US is acquiring Dunlop Cox, the maker of frames for vehicle seats, from BTR for £36m. 07-Jun-1997 BTR Power Drives has bought ECM Motor Company, the Wisconsin-based gear motor maker, for undisclosed terms. 28-May-1997 BTR has sold its HDA Forgings business to management for undisclosed terms. 26-Mar-1997 BTR is forming a joint venture with Danfoss of Denmark in order to expand their share of the global industrial motors market. 05-Mar-1997 BTR has acquired Pollux Meter Group, the French maker of water meters, for £163m. 07-Feb-1997 Vacu-Blast Group, the air-blasting and composites machinery concern, has been bought by a management team from BTR for £6m. 15-Oct-1996 BTR is setting up three new joint ventures in Asia: a move into automotive sealing systems in China, a new agreement in the Chinese packaging sector, and an expansion in the Indian power drives sector. 07-Oct-1996 BTR has bought a majority stake in Wuxi CSH, the Chinese maker of anti-vibration components for VW Audi. 26-Sep-1996 BTR is planning a global restructuring and aims to sell off 37 businesses in order to focus on the expansion of its core engineering and manufacturing businesses. 13-Sep-1996 FKI has acquired the Hawker Siddeley electric power group from BTR for £182m, and has said it will stop making locomotives at Hawker Siddley's Brush subsidiary in order to focus on products for power generation. 13-Sep-1996 BTR has sold its controlling stakes in three Taiwanese plastics joint ventures to a consortium comprising Union Petrochemical and USI Far East Corporation, for £191m. 10-Sep-1996 BTR has sold Rochester Corp, the US maker of wire rope and cables, for $32m. 06-Sep-1996 CRH is acquiring Tilcon, the US roadstone business, from BTR for $329m, making CRH the biggest construction materials supplier in the northeastern US. 05-Sep-1996 CRH of Dublin is in discussions to buy Tilcon, the American roadstone business, from BTR for about £180m. 22-Aug-1996 BTR has acquired Vogt Valves of Kentucky, the maker of low-pressure valves for process industries, for £20m from Henry Vogt Machine Company. 16-Jul-1996 Norcros has bought four adhesives businesses from BTR for £27m - Dunlop Adhesives, and the remaining stakes in Building Adhesives, TAL, and Australian Building Adhesives. 09-May-1996 BTR has acquired a 70% stake in Beijing Greatwall Plastics Company, which makes plastic food and drink containers in China, for £5.8m. 09-May-1996 BTR has sold Plascoat International and Plascoat Coatings, its plastics processing operations, to a management buy-out for £30m. 25-Apr-1996 BTR is to pull out of non-core operations, probably including polymers, construction and North American aggregates. 15-Mar-1996 Pilkington's Tiles, the wall tiles and durable floors company, has been bought from BTR by management for £21m, and has plans to expand in the US, Hong Kong, China, the Middle East and the Netherlands. 28-Feb-1996 BTR is to buy GenCorp's anti-vibration business in the US for $100m, as a step towards becoming a global company in auto components. 12-Feb-1996 BTR Packaging's ACI Rockware unit has bought Labplas (UK). 18-Jan-1996 BTR is in discussions with GenCorp of the US about the possible acquisition of GenCorp's automotive vibration control business. 10-Jan-1996 BTR is buying Metalurgica Carto, the Brazilian motor parts maker. 09-Jan-1996 BTR has sold its minority stake in Titan, the Malaysian petrochemical concern, for £89m. 03-Jan-1996 BTR has sold its Tilcon Holdings UK aggregates business to Minorco for £330m. 28-Nov-1995
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