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Unidare is to sell Eland Cables, the electrical cables distribution company with sites in London and Doncaster, to a management team operating under the name of Codetrade for £4m.

Unidare is to sell its 80% stake in Oerlikon Welding Group, the distributor of welding products, to KoZo and Celtweld for £2.4m.

Unidare is acquiring Oklahoma Rig & Supply, the US wholesaler of industrial supplies, for up to £37m.

Unidare has sold its Southborough International division to Complex Tooling & Molding of the US for £4.3m.