Etex: Purchase of Glynwed´s pipe operations

Belgium-based Etex Group SA has acquired Glynwed International plc´s pipe systems business in a US$ 1,14 billion cash deal. The Glynwed name will remain on the pipe business, said Tony Wilson, who will transfer with Glynwed Pipe Systems as chief executive officer. The remaining Glynwed businesses will be renamed Aga Foodservice Group plc.

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