Division Sale News in the Manufacturing sector

Mining group Anglo American Plc plans to raise up to £6m by selling some of its assets including UK business Ta [more]

BAE Systems will acquire VT Group's naval shipbuilding operations in July this year in a deal worth £380m, the Financial Times has reported. UK-based VT Group is preparing the division for disposal after re [more]

BHP Billiton, the world's largest mining company is to decide, over the next two weeks, which of its iron ore mines it could sacrifice in a disposal, in order to gain the approval of the European Commission for its takeover of Rio Tinto. There are concerns in the steel ind [more]

GKN, the UK-based engineering company, is due to finalise plans to acquire a significant part of the manufacturing site at Filton owned by the French aircraft company, Airbus, after securing about £60m in support from the British Govern [more]

Unilever, the consumer goods group, is to sell its palm oil plantations based on the Ivory Coast. The group's edible oil business has a yearly turnover of £67 [more]

Alfred McAlpine plc has announced that it has completed the sale of its Welsh Slate business, one of the world’s foremost producers of roofing and architectural slate, operating from four slate quarries in North Wales at Penrhyn, Blaenau Ffestiniog, Cwt-y-Bugail and Pen-yr-Orsedd, to Rigcycle Limited, a company controlled by members of the Lagan family, for £31m in cash (of which £6.2m has been received, £24.3 million is due to be received on 2 January 2008 and £0.5 million will become payable on completion of the assignment of one of the bus [more]

Eastman Chemical Company has announced it has entered into definitive agreements with Indorama to sell its PET facility and related businesses in the United Kingdom, and its PET and PTA facilities and related businesses in the Netherlands. The total cash proceeds of the transaction are expected to be €226 million or approximately US $330 million, subject to adjustments in working capital. The transaction is expected to close during the first quarter of 2008 and will result in a gain on sale being reflected in the Company's consolidated financial sta [more]

Filtronic plc has announced a definitive agreement for the sale of all of the share capital of Filtronic Compound Semiconductors Limited to RF Micro Devices Inc for £12.5m cash.  The transaction is expected to complete on 29 Febru [more]

US-based PPG Industries, through a European subsidiary, has agreed to purchase the bodyshop distribution business of Unipart Automotive. The transaction is expected to close on or about Jan. 31, 2008. The business will operate as a subsidiary of PPG under the name Brown Brothers Distribution UK Ltd. Financial terms were not disclosed. [more]

As part of it's deal with the European Commission over it's acquisition of rival ICI, which owns Dulux, AKZO Nobel is to sell several of its Crown pai [more]

Yorpower Manufacturing Limited has acquired the diesel and gas maintenance business of Power Plant Services Limited. The acquired business will continue to trade as Power Plant Services (a division of Yorpower Manufacturing Limited). [more]

B3 Cable Solutions has announced that they have signed an agreement to purchase Indian based telecom cable manufacturing business UM Cables Ltd from Usha Martin Ltd., a company listed on the Indian stock exchange.   The deal is expected to complete by the 31st January 2008, subject to due diligence and the necessary ap [more]

American Standard Companies Inc. has announced completion of the sale of their Venesta Washroom Systems business in the UK to RS Building Products for approximately $165m. The sale represents an after-tax gain of about $50m for American Standard. [more]

UK electronics firm Laird Group announced the divestment of its security unit to Lupus Capital, the AIM-listed turnaround firm, for £242 [more]

Rexam has agreed to sell its glass business to Irish glassmaker Ardagh for €660m (£449m), in a deal that will double Ardagh in size and create the third largest glassmaker in Europe. The sale is subject to approval from competition authorities in Poland and [more]

BOC Edwards' equipment business, which is up for sale, is expected to fetch a price around EUR 500m to EUR 6 [more]

Electra Private Equity, the UK-listed private equity company, has reportedly hired Close Brothers to explore a sale of Capital Safety, its height safety equipment manufacturer. [more]

Alba, the London-listed electricals manufacturer, is reportedly considering the sale of a number of its operations. Tipped for disposal are Alba' [more]

ICI, the UK-listed chemicals group, announced today that it has sold Quest, its flavours and fragrance business to Swiss rival Givaudan. [more]

ICI, the UK-listed chemicals group, is rumoured to be considering a sale of its Quest operations. Quest, which is based in Holland, manufactures flavours and fragrances for home products and foods and accounts for 10% of ICI's total sales. Last year, Quest reported a turnover of &p [more]