Business
Sale of Cathcart site
Sale of Cathcart site.
About this update from Weir Group Plc
[{"type":"text","content":"\n \n\n\n\n\n THE WEIR GROUP PLC\n\n\n 29 JULY 2011\n\nWeir agrees sale of Cathcart, Glasgow site to Clyde Union\n\nThe Weir Group PLC has agreed to sell its former Weir Pumps site at Cathcart,\nGlasgow to Clyde Union for £25m.\n\nThe property has been leased from the Weir Group by Clyde Union since it\nacquired the Weir Pumps, Glasgow business in May 2007 for approximately £45m.\nCompletion of the site sale is scheduled prior to 31 December 2011.\n\nKeith Cochrane, chief executive of Weir, commented: \"The deal to sell our\nCathcart site makes sense for both the Weir Group and Clyde Union. We are\npleased that the sale will support the future of the Clyde Union business as\nthey continue to provide employment at engineering and manufacturing operations\nin Glasgow.\"\n\nENDS\n\n\nContact details:\nThe Weir Group PLC\nJonathan Milne, Communications Manager\nTel:     0141 308 3781\nMobile:  0771 378 9536\n\nMaitland\nSuzanne Bartch\nRowan Brown\nTel:      020 7379 5151\n\n\n\n\n\n\n\n\n\nThis announcement is distributed by Thomson Reuters on behalf of \nThomson Reuters clients. The owner of this announcement warrants that: \n(i) the releases contained herein are protected by copyright and \n other applicable laws; and \n(ii) they are solely responsible for the content, accuracy and \n originality of the information contained therein. \n \nSource: The Weir Group PLC via Thomson Reuters ONE\n\n[HUG#1534962] \n \n\n\n\n \n ","length":1843,"tagName":"div"}]