Brits buy German rivals
Tuesday 02 November 1999
Ian Norris, Morgan Crucible's chief executive, said: "This excellent fit provides a strong platform for Morgan to achieve significant organic growth... especially in the telecommunications and transportations."
Separately yesterday, Hanson, the UK-based building materials company, announced it had acquired 75 per cent of Rena, a privately owned German aggregates firm, for pounds 7.2m.
And Associated British Foods completed the hat-trick of Anglo-German alliances by gobbling up Rohm Enzyme, a hi-tech food-ingredients business for "in excess of DM50m".
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