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Sunday, August 31, 2008
Wajax acquires Weir Process Equipment, increases monthly distributions
The Canadian Press reports that Wajax Income Fund (TSX:WJX.UN) says it will acquire Weir Process Equipment, a distributor of pumps and equipment to the energy sector, for $25.4 million. The Toronto-based distributor of mobile equipment, industrial components and power systems also said it was hiking its monthly distribution by a penny to 36 cents.
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is an experienced importer, supplying Israeli companies with wide range of industrial pumps and equipment. With over 30 years of experience, the company has grown to be one of the leading companies in this area, providing equipment to many of Israel's top companies.