Engineering 1996 - Company News Summary

Eurovein is selling its Surface Treatment Division to US Filter for about £13m, and is changing its name from Eurovein to Tyzack Precision.
24-Dec-1996

ASW has sold its metals recycling division to Philip Environmental of Canada for £33m, and is also planning to cut 200 jobs in the UK and France as part of a reorganisation.
17-Dec-1996

BICC is planning a £25m expansion at its high voltage cable plant in Erith, Kent, in order to make undersea power cables, creating up to 60 jobs.
16-Dec-1996

Burnfield is acquiring LDS, the vibration equipment company, for £24m.
14-Dec-1996

Vector Industries has acquired 15 engineering businesses from Caradon for about £200m, leaving Caradon free to focus on building products.
12-Dec-1996

BBA Group is acquiring International Airmotive, the US engine overhaul and aircraft servicing company, for £176m, in a move which will make aviation a core activity for the engineering group.
10-Dec-1996

Babcock International is acquiring the Rosyth Royal Dockyard in Scotland for up to £25m, having secured orders from the Ministry of Defence worth about £1bn.
26-Nov-1996

IMI has acquired ISI Automation, the US fluid power business, for £89m, a move which will help it boost sales of existing products to US automotive manufacturers.
26-Nov-1996

Bodycote International has acquired Bruken, the Swedish heat treatment group, for £57m.
08-Nov-1996

Bullough has sold Reznor, its industrial heating business, to Thomas & Betts of the US for about £9.7m.
05-Nov-1996

Eurotherm is acquiring Viatran, the US maker of electromechanical pressure transducers, for £6.9m.
01-Nov-1996

Smiths Industries has acquired Leland Electronics, the US maker of electrical power generators, for £19m.
24-Oct-1996

Hall Engineering is buying Cardiff Wire from ASW Holdings for up to £5.9m.
23-Oct-1996

Cookson is acquiring GRP, the US maker of fused cast refractory materials, for undisclosed terms.
19-Oct-1996

Eliza Tinsley is acquiring Evenwood Engineering and GR Smithson to expand its services to farming and building suppliers, for a combined total of over £5m.
16-Oct-1996

Vacu-Blast Group, the air-blasting and composites machinery concern, has been bought by a management team from BTR for £6m.
15-Oct-1996

Fiamm of Italy is to build a £10.5m battery factory near Newport in south Wales, creating over 200 jobs.
14-Oct-1996

US Filter has acquired the process equipment division of United Utilities for £125m.
08-Oct-1996

TI Group is planning to acquire Forsheda, the Swedish maker of pipe sealing systems, for £189m, a move which will double the size of TI's polymer engineering business.
08-Oct-1996

Schroder Ventures has acquired Precision Industries, the maker of measuring equipment, from Rank Organisation for £72m.
01-Oct-1996

Bodycote International has acquired Taussig Associates of Chicago, the operator of metallurgical testing laboratories, for up to $6.1m.
01-Oct-1996

Thermal Engineering International has bought Senior Engineering's thermal engineering business for £28m.
01-Oct-1996

Alcan of Canada is to upgrade its Lynemouth aluminium smelter in Northumberland at a cost of £50m, with the creation of about 150 jobs.
27-Sep-1996

Clyde Blowers has acquired two soot-blowing equipment companies from Deutsche Babcock Group for £17m - Bergemann Germany and Bergemann USA.
27-Sep-1996

Middlesex Holdings is acquiring Wolff Steel, the international steel trading concern, for £3.8m.
26-Sep-1996

Adwest has sold three power systems companies for £8m - Abbott Electronics was sold to XCEL Corp of the US, Air-Log went to EIS, and Ross Courtenay Cirencester went to a management buy-out.
17-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

Zellweger Luwa of Switzerland has acquired Neotronics Technology, the analytical instruments concern, for £23m.
07-Sep-1996

JCB is to build a new factory to make transmissions at its Wrexham site, with the creation of 300 jobs.
05-Sep-1996

Cirqual is buying Wollaston, the specialist engineer, for up to £11m.
04-Sep-1996

Cruden Bay is acquiring Kenton Utilities & Developments for £21m, and will follow it up with further acquisitions as it converts from an investment trust into an engineering services company.
29-Aug-1996

Fairey Group is acquiring Fusion UV Systems, the US ultraviolet curing systems company, for £81m.
16-Aug-1996

Mackie International is planning a £13.6m foundry in west Belfast.
09-Aug-1996

McKechnie has bought Dzus International, the fastener maker, for £15m.
09-Aug-1996

TI Group is buying Alcan Aluminio do Brasil, the refrigeration components company, for £15.5m, in a move which will enable it to use Alcan's advanced evaporator systems.
05-Aug-1996

T&N has sold AE Turbine Components, the aerospace business, to Precision Castings of Oregon for £41m.
23-Jul-1996

Haden MacLellan has sold Duport Harper Foundries to a management team for £10.4m.
23-Jul-1996

Siebe has acquired Controlli, the Italian maker of valves and controls, for £9.4m.
17-Jul-1996

T&N is acquiring the US piston rings business of Cummins for undisclosed terms.
16-Jul-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

Whessoe is buying AG Marvac, the supplier of vapour control products to the petrochemical industry, for £2.7m.
06-Jul-1996

Flare Group is to buy Gibbons Refractories, the maker of bricks for kilns, for £4.5m.
05-Jul-1996

Schroder Ventures is acquiring Lister-Petter, the diesel engine subsidiary of BTR, for £80m.
02-Jul-1996

Littelfuse, the US-owned maker of circuit protection devices, is to move to a new factory in Washington, Tyne & Wear, creating 110 new jobs.
28-Jun-1996

TransTec is buying BSK, the Midlands-based machinist, for £42m.
21-Jun-1996

Renold has acquired Holset Engineering, the coupling maker, from Cummins UK for £3.5m.
19-Jun-1996

Wellman is selling its specialist engineering business to a management buy-in, set up by Candover Partners, for £17.4m.
14-Jun-1996

FG Wilson is setting up a joint venture with Caterpillar of the US to make diesel generating sets at its Larne, Northern Ireland, plant creating 1,500 jobs.
13-Jun-1996

Matsuura of Japan is to spend £10.7m on its planned machine tool factory in Coalville near Leicester, creating 125 jobs.
12-Jun-1996

Copeland of the US is to build a £33m plant in Cookstown, Northern Ireland, to make compressors, creating 300 jobs.
04-Jun-1996

Wyko is acquiring Swan Bearing Factors, the distributor of power transmission components, for up to £4.2m.
04-Jun-1996

Coats Viyella's Dynacast subsidiary is to build a £5m plastics moulding plant in Cwm Cynon, South Wales, creating 130 jobs.
28-May-1996

Williams Holdings has bought the Sicli Group, the French fire protection and rescue vehicle concern, for £175m.
16-May-1996

British Aerospace Australia is to buy the armoured vehicle operation of Shorts for undisclosed terms.
16-May-1996

British Aerospace is forming a joint venture with Lagardere Group of France called Matra BAe Dynamics, which will be the biggest missile maker in Europe.
14-May-1996

Hall Engineering is selling its metal stockholding operation to Hallco 68, a newly-formed company, for £21m.
11-May-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

Rubicon Group's aluminium alloys operation has been bought by management for £7.4m.
08-May-1996

Kitigawa of Japan is investing £4.5m to increase production of handling systems for machine tools at its factory in Salisbury.
06-May-1996

Fiat and Cummins are to set up a $100m centre near London to develop fuel-efficient engines for tractors, trucks and buses, employing about 60 engineers.
02-May-1996

PressTech Controls, the maker of control equipment for the printing sector, has been sold to management by Harnischfeger Industries of the US for £9m.
01-May-1996

Heller of Germany is planning a £15m investment at its Redditch machine tool factory, creating 300 new jobs over the next five years.
30-Apr-1996

Siebe is acquiring ERO Electronic, the Milan-based controls maker, for £18.5m.
30-Apr-1996

Marshalls has sold Marshalls Hard Metals, Halco Drilling, Marshalls Drilling and Halifax Tool Company to a management buy-in for £16m.
25-Apr-1996

BTR has sold Plascoat International and Plascoat Coatings, its plastics processing operations, to a management buy-out for £30m.
25-Apr-1996

Six South Korean companies are investing over £15m in setting up UK plants to supply parts to Samsung's electronics plant in the north east, with locations including Cleveland, Durham, Hartlepool and South Yorkshire.
24-Apr-1996

Giddings & Lewis of the US has selected its Knowsley plant on Merseyside as the European base for manufacturing a new range of tool, called the Ram machining centre, which will create 50 new jobs.
23-Apr-1996

Smiths Industries is acquiring Air Movement, the ventilation equipment concern, for £47m, and Adaptaflex, the conduits maker, for £21m.
23-Apr-1996

British Aerospace has acquired AWA Defence Industries of Australia for £27.6m.
17-Apr-1996

Siebe is to acquire Unitech, the electronic controls concern, for £520m, thus creating the world's largest company in the sector.
04-Apr-1996

United Industries is buying Helical Spring, the Lancashire spring maker, for £950k.
04-Apr-1996

Unit Press, the underseat mechanisms maker, has been sold by Calderburn to a management buy-out for £7m.
02-Apr-1996

YG-1 of South Korea is planning an end-mill cutting equipment plant in Belfast, creating 230 jobs.
26-Mar-1996

Thomas Walter, the printed circuit board company, has been sold to management for £16m.
21-Mar-1996

Symonds Engineering is acquiring Zlin, the printed circuit board company, for £11.5m.
21-Mar-1996

Sulzer of Switzerland is to transfer pump manufacturing capacity from Switzerland and Germany to its Leeds site, where costs per employee are lower.
18-Mar-1996

Haden MacLellan has bought IFS, the industrial fasteners concern, for £12m, in order to increase its presence in the north of England.
14-Mar-1996

Yamasaki Mazak of Japan is planning a 20% capacity increase at its Worcester machine tools plant, creating 50 extra jobs.
11-Mar-1996

Simon Engineering has sold SPT, Robertson Research Australia and Robertson Research International, as well as stakes in two Indonesian joint ventures, to Robertson Research Holdings, a company 49.9% owned by Simon Engineering Finance.
08-Mar-1996

McKechnie has acquired Plexicor Australia, the thermoforming and painting concern, for £14m.
06-Mar-1996

Quadramatic is paying up to £10.2m to acquire Controls and Automation, the temperature controllers manufacturer.
24-Feb-1996

Siebe is selling Barber-Colman Motors, its US electrical motors operation, to Jordan Industries for £13m.
16-Feb-1996

Babcock International's process engineering division has won a number of new orders which will create up to 350 jobs at plants in Teesside and Crawley.
16-Feb-1996

GEI International has bought Turbo Systems, the maker of process machinery for the food industry, from United Industries for £2m.
14-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

Haden MacLellan, the engineering concern, has bought Brandt Filtration Group of Atlanta, Georgia, for $3m.
09-Feb-1996

Fiamm of Italy has bought Oakdale's battery factory in Crumlin, Gwent, from the receivers, and plans to create 50 jobs.
07-Feb-1996

Halla of South Korea is to build a £17m lift truck and earth moving machinery factory at Merthyr Tydfil, creating over 300 jobs.
06-Feb-1996

Hay Hall Group has bought three engineering businesses from TI - TI Desford Tubes, Hollow Extrusions and TI Matrix Engineering.
01-Feb-1996

Siebe, the Berkshire engineering concern, has won £50m of control systems orders, and will be taking on 350 graduate systems and applications engineers around the world.
26-Jan-1996

Hampson Industries is to buy Brookside Metal Company for £5.8m so that it will rely less on the automotive sector.
26-Jan-1996

Fenner has acquired Wiechmann Technische Ijzerhandel's power transmission distribution business in the Netherlands.
20-Jan-1996

Fairey Group is acquiring Particle Measuring Systems, the US contamination equipment concern, for $75m.
18-Jan-1996

Bryan Donkin's gas controls activities have been sold by Hopkinsons Group to RMG Regel & Messtechnik of Germany.
18-Jan-1996

Charles Baynes has bought Amsco, the US valves maker, for $8m.
16-Jan-1996