Wednesday, October 5, 2011

ClydeUnion Pumps sold to SPX Corp. for £750m

From Yahoo! UK and Ireland Finance: Scottish entrepreneur Jim McColl has sold ClydeUnion Pumps, just four years after acquiring the business for £45m. Jim McColl, one of Scotland’s wealthiest businessmen, has sold ClydeUnion Pumps the company that first employed him as a 16 year old apprentice to an American group for £750m.

The deal with SPX Corporation (NYSE: SPW - news) represents a remarkable turnaround in ClydeUnion’s fortunes, four years after the industrial pumps group was created from the £45m acquisition of the struggling Glasgow-based Weir Pumps business.

To read the full article please click on the link below:

ClydeUnion Pumps sold to SPX for £750m


Berlin Technologies: Providing the best pumps to Israeli Industrial companies

No comments: