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Hepworth, the heating and building products group, is to be acquired by Vaillant of Germany for £692m, and Vaillant is expected to dispose of the building products division for about £150m.
Hepworth is looking to spend up to £190m on acquisitions in continental Europe, in order to expand its heating and boiler products business.
Hepworth has sold Hepworth Minerals & Chemicals to Watts Blake Bearne, a subsidiary of Belgium's SCR-Sibelco, for £86m.
Hepworth is selling its bricks business to Ibstock Building Products for about £10m.
Hepworth has sold its door parts business Henderson Hardware for £4.2m.
Hepworth is selling its refractories business to Alpine Group of the US for £62m.
Hepworth has bought a 33.3% stake in Hermann, the Italian boiler manufacturer, for £4.9m.