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The Weir Group plc is buying the Linatex group of companies, the Kuala Lumpur, Malaysia-based provider of wear-resistant products to the mining, sand and aggregates industries, in a US$200 million transaction.
Weir says that the Linatex acquisition is in line with its strategy to grow its global capability, expand its emerging market footprint and strengthen its aftermarket presence.
Weir chief executive, Keith Cochrane, said: "The acquisition of Linatex creates great opportunities for our Minerals division. By combining Weir' s expertise in pumps, valves and cyclones with
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reduces energy consumption, compared with traditional O-ring bearing isolators; even the tiniest of particles, to ensure that critical equipment continues running; and installation time and costs by enabling the system to be easily and directly installed on equipment rather than at a workbench using