9th Apr 2015 07:43
LONDON (Alliance News) - FTSE 250-listed engineer Spirax-Sarco Engineering PLC on Thursday said it has agreed a GBP7 million deal to acquire ASPECO Corp, a US-based high-purity aseptic valves and magnetic mixers manufacturer.
Spirax said the new business will be integrated into its Watson-Marlow Fluid Technology Group division and will strengthen its presence in the biotechnology and pharmaceutical industries.
It will pay for ASPECO in cash.
Spirax shares were up 0.4% to 3,497.00 pence on Thursday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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