Weir to buy Linatex for $200 million; major pump, valve and cyclone additions to product line

The Weir Group has agreed to acquire the Linatex group of companies, a global provider of wear-resistant products to the mining industry. The acquisition is expected to be accretive from 2011 for Weir and its returns are expected to exceed Weir’s cost of capital from the second full year of ownership. Read more