THE WEIR GROUP PLC
29 JULY 2011
Weir agrees sale of Cathcart, Glasgow site to Clyde Union
The Weir Group PLC has agreed to sell its former Weir Pumps site at Cathcart,
Glasgow to Clyde Union for £25m.
The property has been leased from the Weir Group by Clyde Union since it
acquired the Weir Pumps, Glasgow business in May 2007 for approximately £45m.
Completion of the site sale is scheduled prior to 31 December 2011.
Keith Cochrane, chief executive of Weir, commented: "The deal to sell our
Cathcart site makes sense for both the Weir Group and Clyde Union. We are
pleased that the sale will support the future of the Clyde Union business as
they continue to provide employment at engineering and manufacturing operations
in Glasgow."
ENDS
Contact details:
The Weir Group PLC
Jonathan Milne, Communications Manager
Tel: Â Â Â Â 0141 308 3781
Mobile: Â 0771 378 9536
Maitland
Suzanne Bartch
Rowan Brown
Tel: Â Â Â Â Â 020 7379 5151
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Source: The Weir Group PLC via Thomson Reuters ONE
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