LONDON (Alliance News) - Tex Holdings PLC on Wednesday said it has struck a deal to acquire the stock and assets of G&M Power Plant Ltd from the administrator.
Tex, which manufactures and supplies engineering products, plastics, boards and panels, did not provide any financial details on the deal but said G&M offers a number of synergies with existing businesses within Tex's engineering arm.
G&M makes diesel-powered electrical generator sets for the marine and industrial sectors.
Shares in Tex were untraded on Wednesday, having last traded at 103.10 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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