FTSE 250 engineering group Rotork has beefed up its valve kits offering through the acquisition of privately-owned Prokits.
Prokits is a designer and manufacturer of valve adaptor kits and accessories for the valve industry. It has gross assets of £0.6m.
The sole owner of Prokits, Craig Mellins, has been appointed as general manager of Rotork Valvekits into which the Prokits business will be merged.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a weak engineering sector on Thursday morning, Rotork was trading down 9p at 1,799p.
NR
