Weir says that the acquisition of Linatex is in line with its strategy to grow its global capability, expand its emerging market footprint and further strengthen its aftermarket presence.
Weir chief executive, Keith Cochrane, said: “The acquisition of Linatex creates great opportunities for our Minerals division. By combining Weir’s expertise in pumps, valves and cyclones with Linatex’s renowned rubber products and branding, we will have a highly complementary and competitive offering to satisfy our customers' demand for leading-edge products and service.”
“Linatex’s established manufacturing capability, particularly in Malaysia and China, and its extensive customer network, provides an excellent platform for growth,” added Cochrane.
“We are delighted that Linatex is joining a group with the same focus on high growth sectors in fast developing markets. There is great potential to enhance the overall offering to customers and thereby also create opportunity for employees and the continuation of the long tradition of the Linatex brand,” said Neil Macleod, group managing director of Linatex.