Engineering supply group Premier Farnell Plc said it would sell its industrial products division Akron Brass to U.S. -based IDEX Corp for $224.2 million in cash.
Premier Farnell, which makes and sells the Raspberry Pi – a mini, low-cost computer, said that the deal would help it focus on its core electronics distribution business.
The company also said on Friday that said it expected profit for the year ended Jan. 31 to be broadly in line with its recent guidance.
(Reporting by Rahul B in Bengaluru; Editing by Gopakumar Warrier)
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
