Rotork buys small valve kits business
FTSE 250 engineering group Rotork has beefed up its valve kits offering through the acquisition of privately-owned Prokits.
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.
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In a weak engineering sector on Thursday morning, Rotork was trading down 9p at 1,799p.
NR
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