LONDON (dpa-AFX) - With a view to enhancing its North American construction business, Smiths Group plc (SMIN.L), an industrial technology company, on Tuesday announced that it has acquired a U.S-based Steel-Duct fabrication firm Duc-Pac Corp. for $40.5 million or 32 million pounds.
'Duc-Pac expands Smiths Group's geographical metal duct coverage into north-east USA through its established brand, deep customer relationships and strong operational business model,' the company said in a statement.
Smiths expects Duc-Pac acquisition to add to the Group margin.
Monday, Smiths Group had closed 0.91% higher at 1997 pence on the London Stock Exchange.
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