Second French acquisition for Weir
Tuesday 15 September 1998
WEIR GROUP,the world's sixth biggest pump-maker, has made its its second bolt-on acquisition in France within a month, buying Schabaver from Sterling Fluid Systems for Fr47m (pounds 5m). Weir said Schabaver and its associated company, Fabrimecan, would complement the slurry pump operations of its EnviroTech Pumpsystems unit. Last month it paid Fr80m for Sebim Holding, a family-owned valve and actuator manufacturer. Weir said the Schabaver deal would increase its manufacturing network to 30 plants in 14 countries.
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