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Engineering - 1997

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1997

1996


GKN is to acquire a 95% stake in Armstong Wheel & Rim Manufacturing, the US maker of parts for off-road vehicles, for £31m, and will buy the remaining 5% within 12 months.
31-Dec-1997


Firth Rixson, the specialist engineer, is acquiring Barworth Flockton and Moss & Gamble Brothers from Barworth for £12m.
29-Dec-1997


Critchley Group, the maker of cable components, is acquiring Groupe Riondet-Malbert of France for £7.8m.
29-Dec-1997


Wilshaw, the metals and building materials company, is planning to sell its distribution division to a new company called Tractiv Holdings for £22m.
24-Dec-1997


TI Group is acquiring Sealol, the mechanical seals business, from EG&G of the US for £61m, and will sell its Belfab metal bellows operation to EG&G for $45m.
23-Dec-1997


Rolls-Royce has sold International Combustion, its boiler manufacturing business, to ABB for a sum thought to be less than £10m, but will retain the Derby factory to make components for ABB and other companies.
20-Dec-1997


Doncasters, the Derby-based engineering company, has launched a £194m recommended takeover bid for Triplex Lloyd, the castings company, and intends to sell Triplex's automotive division.
19-Dec-1997


United Industries is to acquire Neepsend, the engineering company, for £13.8m.
17-Dec-1997


John Crane Marine, the TI subsidiary, is acquiring the marine seal business of EG&G of the US for £2.5m.
17-Dec-1997


Andrews Sykes, the heating and pumps company, has acquired RCR of Buckinghamshire for £3.4m.
17-Dec-1997


Alchemy Partners, the venture capital company, is to acquire Wellman, the specialist engineer, for £73m in order to take the company private and enable it to be restructured away from the demands of the public market.
16-Dec-1997


Waste Recycling has acquired East Waste, the Cambridgeshire County Council waste disposal company, for £11.9m.
15-Dec-1997


South West Water is acquiring Terry Adams, the landfill waste disposal company, for up to £105m, which is expected to make the utility the largest landfill operator in the UK.
13-Dec-1997


Morgan Crucible is acquiring four bolt-on acquisitions for £32m, including a German manufacturer of engineered ceramics, a Texas-based supplier of piston rings, an Italian ceramics distributor, and a 51% stake in a refractories company in Argentina.
12-Dec-1997


Caterpillar of the US is to acquire the Perkins diesel engine business from LucasVarity for £800m, which will enable LucasVarity to make acquisitions in the aerospace and automotive sectors.
12-Dec-1997


TI Group is to sell its 50% stake in Messier-Dowty, the landing gear business, to Snecma, its joint venture partner, for £207m.
11-Dec-1997


US Industries has acquired Spear & Jackson, the tools manufacturer, from Apax Partners for over £57m.
05-Dec-1997


Full Circle Industries is selling its Selecta bathroom products business for up to £5.6m in order to focus on kitchen and bedroom home improvements.
04-Dec-1997


TI Group is acquiring a 30% stake in Lips United, the Dutch marine propulsion group, for £7m and has an option to buy the remaining 70%.
04-Dec-1997


Senior Engineering is to acquire Metal Fab Machine Corporation, the US maker of welded metal bellows, for £11m.
25-Nov-1997


David Brown is acquiring Union Pumps Company, the US pumps concern, for £38m.
25-Nov-1997


Concentric has sold the non-satellite part of its Pressed Products subsidiary to European Commercial Pressings of the US for £7m.
20-Nov-1997


Siebe is selling Wells Electronics, the US maker of semiconductor testing equipment, to PCD for £77m.
19-Nov-1997


Ransomes, the engineering company that supplies grass-cutting equipment to golf courses, is being acquired by Textron of the US for £83m, and Textron is planning to expand the Ipswich factory.
11-Nov-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


Wolseley, the heating and pumping equipment company, has sold Hunterskil Howard, its contract staff placement business, to AccuStaff for £45m.
06-Nov-1997


Lonrho has sold Cramlington Textiles to Woodrow Wilson Investments for a notional price.
06-Nov-1997


Eadie Holdings is selling Ross & Bonnyman, its mechanical handling equipment division, to Ledge 345, a company formed for the purpose, for £8.2m.
31-Oct-1997


Vacu-Blast, the air-blasting machinery concern, has been resold to US Filter for £8m by Kleinwort Benson Development Capital.
27-Oct-1997


Broomco, the subsidiary of International Mezzanine Investment, has acquired Graystone's engineering division for £18m.
25-Oct-1997


Protean, the water filtering equipment company, is to be acquired by Culligan Water Technologies of the US for £105m.
23-Oct-1997


Morgan Crucible has acquired four companies for a total £10m - MH Detrick, the high temperature insulating products company, ETS Schaefer, Reineke's fine graphite operation, and Ringsdorff Carbon's electrical carbon business.
23-Oct-1997


Beauford has acquired Allied Insulators, the electrical insulator, from Fairey Group for an initial £8m, as Fairey continues to refocus its activities in the ceramics sector.
22-Oct-1997


INA of Germany is planning a 30% increase in production at its roller bearings plant in Llanelli, south Wales, creating 100 jobs.
20-Oct-1997


Delta's plumbing products division has acquired National Vulcan Safety Products from Royal & Sun Alliance for £4.5m.
15-Oct-1997


Carbo has sold the foundry business of its Bryan Donkin Engineering subsidiary to a private investor group for £2m, in order to focus on industrial abrasives.
14-Oct-1997


Gresham Trust has acquired Penny & Giles Instrumentation, the paperless process chart recorders business, from Bowthorpe for £4.75m.
14-Oct-1997


IMI has acquired Herion-Werke, the German pneumatic controls company, for £38m, and hopes to benefit from selling its other products to Herion's customers.
09-Oct-1997


Concentric has acquired Truflo Air Movement, the impeller maker, from Charles Baynes for £9.3m.
08-Oct-1997


Aurora Group has acquired Cromdane, the steel bar supplier, from Carclo Engineering for £4.4m.
04-Oct-1997


L Gardner has acquired Avon Transmission Services from Ascot Holdings for £2m.
04-Oct-1997


McLeod Russel is acquiring Infiltro, the Spanish air filtration company, for up to £2.4m.
03-Oct-1997


Ascot has sold Presto Engineers Cutting Tools to Kennametal of the US for £15m, and will use the proceeds to cut borrowings.
02-Oct-1997


Semple Cochrane is acquiring two Scottish marine engineering companies - Garvel Clyde for £1.9m and Forth Estuary Engineering for £2.5m.
30-Sep-1997


Glynwed International has sold its foundry business, which makes cast iron pipes, to Saint Gobain of France for £37m.
26-Sep-1997


Alvis is acquiring Hagglunds Vehicle, the Swedish armoured vehicle maker, from Incentive for £75m.
26-Sep-1997


Charles Baynes is acquiring the Univalve distribution business from Tomkins for £38m, as part of a strategy to focus on distribution and sell its aerospace and truck engine fan manufacturing operations.
26-Sep-1997


Siebe has bought Appliance Control Operations, the French-based controls and automation products company, from Eaton Corporation for £193m.
24-Sep-1997


Powerscreen has acquired Moffett Engineering, the Irish mobile fork lift trucks company, for £21m.
24-Sep-1997


Short Brothers has won a £19.5m government grant to support an expansion of its aircraft parts business, creating 308 jobs in Belfast.
24-Sep-1997


Rentokil Initial has acquired two security companies, Trojan Security and Sigma, for £13.2m.
23-Sep-1997


BBA Group is selling its Haefely Trench high voltage power transmission products business to a management team supported by CVC Capital Partners for £164m.
16-Sep-1997


Amec has acquired Babcock International's process division excluding Water Engineering and BKW Eagleton for a nominal £1, and Babcock will take an exceptional charge of £18.6m.
16-Sep-1997


Gartland Whalley and Barker has acquired General Clutch Corporate of the US and its RollEase trading subsidiary for £18m.
12-Sep-1997


AEA Technology is acquiring ERG Environmental Resource Group, the environmental engineering business, from Southern Water for £6m.
09-Sep-1997


BTR has sold Serck Heat Transfer, the Birmingham-based heat transfer equipment business, to NatWest Ventures for £31.5m.
05-Sep-1997


Cobham is acquiring the aerospace and marine division of ML Holdings for £35m, allowing ML to focus on the distribution of electrical and electronic components.
03-Sep-1997


Wyko Group has acquired ESL Group, the Aberdeen-based supplier of electrical and mechanical services to industry, for £5.5m.
02-Sep-1997


Compagnie Generale des Eaux of France is to acquire Leigh Interests, the UK waste disposal company, for £116m.
29-Aug-1997


BICC is to merge its German cables business with those of NKF of the Netherlands, forming a new venture called Kaiser Kwo Kabel, in order to make cost savings and increase competitiveness in an overcrowded market.
22-Aug-1997


Flare Group, the industrial ceramics company, is to acquire CH Rathbone & Son for £1.15m and Elmeceram of France for £2.33m.
09-Aug-1997


BBA is acquiring Becorit Gesellschaft Wilhelm Beckmann, the German maker of railway friction materials, for up to £28m.
06-Aug-1997


BTR has bought Limitorque, the valve actuator concern, for £36.8m.
06-Aug-1997


Smiths Industries is acquiring Graseby, the medical and instrument testing equipment concern, for £136m.
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


Berisford has acquired Sammic, the Spanish manufacturer of food service equipment, for £21.8m.
01-Aug-1997


DT Industries of the US is acquiring Lucas Assembly and Test System from LucasVarity for £30m, as part of LucasVarity's programme to dispose of 13 non-core businesses.
30-Jul-1997


BI Group is acquiring Cortworth, the specialist engineering company, for £93.6m, taking it into the market for control equipment for the utilities sector.
26-Jul-1997


Avimo Group of Singapore is acquiring the Optronics division of OMI International, the engineering solutions group, for £8m.
25-Jul-1997


Lucas Aerospace, the LucasVarity division, has bought Smiths Industries' engine controls business for undisclosed terms.
21-Jul-1997


Precision Engineering International has been set up as a new company to acquire Metal Spinners Group, the Newcastle-based metal processing business, for about £6m.
16-Jul-1997


Scapa is acquiring Sellotape International's industrial tapes division for up to £43.7m.
11-Jul-1997


Weir Group has acquired Entropie, the French desalination and process contracting company, for £6.5m.
10-Jul-1997


Linde of Germany has acquired Wagon Industrial's retail systems division, which makes fittings for large stores, for £33m.
10-Jul-1997


FKI has finalised a deal to acquire Bridon, the wire and rope maker, for £131m.
08-Jul-1997


Siebe is acquiring Carl Froh's tube production line in Germany for £5.2m, and PJ King, the Australian supplier of tubular fluid systems, for £2.8m.
04-Jul-1997


GKN Westland Aerospace is acquiring Aerospace Composite Technologies of Luton for £21m.
03-Jul-1997


Fairey has acquired NDC Systems, the gauging equipment company based in California, for £18.1m.
02-Jul-1997


TransTec has acquired Vector Plastics, the injection mouldings company, for £18m.
01-Jul-1997


Edgemond Engineering of the West Midlands has been sold by Edgemond Group to a management buy-out for £8.6m.
17-Jun-1997


Saint Gobain of France is acquiring Unicorn, the UK abrasives maker, for £85m.
14-Jun-1997


Senior Engineering has acquired Nitrotec Services, the provider of heat treatment processes for metal components, from LucasVarity for about £3m.
11-Jun-1997


Smiths Industries has acquired Torin Holdings, the small fans and motors company, for £15.5m, and PolyPhaser, the US maker of lightning protection equipment, for £17.5m.
03-Jun-1997


Fenner has acquired Scandura Holdings, the US manufacturer of conveyor belts, for £44m.
22-May-1997


Siebe has announced a £331m agreed takeover offer for APV, the process equipment maker.
10-May-1997


Cummins Engine of the US is planning a £17m factory near Ramsgate in Kent to make power generating sets, providing 300 jobs.
08-May-1997


Morgan Crucible, the industrial carbons and ceramics company, is making four acquisitions for a total £12.4m - AGS of the US, Cupex of France, DR Energy of the UK, and Ash Fibre of the UK - and is also setting up a thermal ceramics joint venture in Japan with Nippon Steel Chemical.
02-May-1997


GKN is acquiring Sinter Metals, the US powder metallurgy company, for £352m, thus giving it 14% of the world market for lightweight components made from the precision pressing of metal and carbide powders.
01-May-1997


Hepworth is selling its refractories business to Alpine Group of the US for £62m.
17-Apr-1997


Siemens has now agreed to buy Parsons Power Generation Systems from Rolls-Royce for £30m and will take on 880 of the remaining workers.
10-Apr-1997


IMI is acquiring TA Hydronics, the Swedish valve maker, for £97m.
04-Apr-1997


GKN Westland Aerospace is acquiring the assets of BP Chemicals advanced materials business for £9m.
27-Mar-1997


Cruden Bay is to acquire Technolog, the electronic instruments maker, for up to £27.7m.
25-Mar-1997


Carclo Engineering Group has acquired EIS Group's technical moulding division for £25.6m.
24-Mar-1997


Charter has made an agreed £385m bid for Howden, the engineering group.
22-Mar-1997


TT Group has acquired Wire & Cables Group from GEC for £16m.
20-Mar-1997


IMI has acquired Sulzer's Thermtec industrial valves division for £10m.
17-Mar-1997


Glynwed International has sold Wednesbury Tube, the copper tube maker, to Mueller Industries of the US for about £12m.
04-Mar-1997


Simon Engineering has sold the industrial arm of its Access division to Terex of the US for £55m, in order to reduce debt.
25-Feb-1997


Short Brothers has announced an expansion of its CRJ Series 700 project and a new de Havilland Dash 8-400 turboprop airliner project, which will create 1,000 jobs.
20-Feb-1997


Siebe is acquiring Whessoe, the instruments and controls manufacturer, for £46m.
13-Feb-1997


Ricardo Group has sold its Inbis nuclear and aerospace design division to management for £7m in order to focus on its core automotive engineering business.
08-Feb-1997


BTR has acquired Pollux Meter Group, the French maker of water meters, for £163m.
07-Feb-1997


Hampson Industries is to acquire Arabis, the engineering company, for £17.5m.
30-Jan-1997


Senior Engineering is acquiring the Ketema A&E division, which makes components for the aerospace sector in California, from Ketema Inc, for £12.5m.
28-Jan-1997


British Steel Forgings is being acquired in a management buy-out for £74.5m.
28-Jan-1997


Short Brothers has won a major contract to supply airframe parts to Bombardier, its Canadian parent, which will create 600 jobs.
23-Jan-1997


Hall Engineering is to set up a pressings plant in Swindon and a new wire factory near Halifax, funded by a £26m rights issue.
22-Jan-1997


British Aerospace Airbus is to set up a £25m centre for machining aircraft wings at its Broughton plant near Wrexham, creating about 100 jobs.
21-Jan-1997


Fairey Group has won control of Burnfield, the maker of measuring instruments, and will now block Burnfield's attempted acquisition of Ling Dynamic Systems.
21-Jan-1997


Siebe has acquired Satchwell Controls, the maker of building automation systems, from GEC for £80m.
03-Jan-1997


Spirax-Sarco Engineering is acquiring Bredel Holdings, the Dutch maker of heavy duty pumps, for £17m.
03-Jan-1997