Business Sale News in the Manufacturing sector

Survitec, the marine safety equipment business, has been put on the market by the Manchester office of Montagu Private Equity with a price tag of £ [more]

Oil producer Dragon Oil has received a bid approach. Emirates National Oil Co. (ENOC), which already owns 52% of the company, is currently holding talks with Dragon about a potential offer. [more]

Malaysian vehicle importer and contract manufacturer Weststar has agreed to buy LDV. [more]

The UK division of quarrying firm Ennstone is due to be placed into a pre-pack administration by lender Barclays, after running out of funds. [more]

Citigroup has been brought in to assess the business of Dublin-based biotechnology firm Elan Corporation, in a strategic review. A merger, sale or strategic alliance are some of the options being considered. The move follows rumours that Pfi [more]

Ratiopharm, the drug maker business at the forefront of the Merckle empire, has been put up for sale in response to pressure from its banks to repay some of its €5bn debt. It is thought that other Merckle-owne [more]

The Pininfarina family is to sell its 50.6% controlling stake in the leading car company, which designs and manufactures cars for Ferrari, Maserati and Ford, as part of a deal to restructure its debt. The business owes about £500m to its credi [more]

Chamonix Private Equity has put Mettis Aerospace, a Worcestershire-based manufacturer of components to airplanes, on the market with a price tag of £70m. Mettis Aerospace manufactures and suppli [more]

Southampton-based acrylics manufacturer, Lucite International Group Ltd, has agreed to a takeover offer by Mitsubishi Rayon Co. Ltd. The deal, which has valued Lucite slightly high [more]

French energy group EDF are to put four sites, for building new reactors, on the market after the £12.5bn purchase of British En [more]

Lucite, the global maker of acrylic-based products such as Perspex, may be soon be put on the market with a price tag of up to £1 [more]

Sources have disclosed that Deb Group, the company behind Swarfega, the popular hand cleanser product used in machine shops and garages, has been put up for sale by Barclays Private Equity, which funded a management buyout in 2004. [more]

RPC, Europe’s largest producer of rigid plastics packaging, is currently under a strategic review in order to explore the options for increasing shareholder value. It is understood that RPC believe its depressed share price does not reflect its strong market position and growth prospe [more]

The co-owner of Nottingham-based Alliance Boots, Stefano Pessina, may consider selling the UK-based pharmaceutical wholesaler and retail chemists business. [more]

GE Energy, a division of General Electric, will sell its power station, Baglan Bay, later on this year. GE Energy UK's new managing director, Magued Eldaief, said the improved market conditions expected in the latter part of this year will make the sale much ea [more]

Glanbia, which employs about 400 people at its Roscrea factories in Ireland, confirmed recently that it has entered into negotiations that may lead to a sale of the meats business. [more]

Sandtoft Roof Tiles Ltd, the UK’s largest independent roof tile manufacturer and Wienerberger, the world’s largest producer of bricks and the number two in clay tiles in Europe, have agreed to join forces. The deal sees Wienerberger acquire a majority stake in Sandtoft with the original owners, the Oldridge family, retaining a 26% share in the company. Sandtoft employs 417 people and generated revenues of approximately £ [more]

Chemring Group PLC has announced that it has acquired the entire issued share capital of Richmond Electronics & Engineering Limited from a private individual for a total consideration of &p [more]

Visteon Corporation has signed a non-binding Memorandum of Understanding outlining the understanding and status of discussions regarding the sale of its Swansea, United Kingdom operation to Linamar Corporation, a Canadian-based auto parts manufacturer. The proposed sale, which supports Visteon’s three-year improvement plan, is subject to due diligence, certain third party agreements, definitive documentation, anti-trust clearance and corporate ap [more]

Aga Foodservice Group plc has announced that it has entered into a conditional agreement to sell Aga Foodservice Equipment, its commercial foodservice and bakery equipment business, to Ali SpA, the major Italian commercial foodservice equipment manufacturer, for a cash consideration, subject to adjustment, of £260m (including assumption or repayment of net d [more]