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BMT Group sells glass tempering and metallurgical furnace business

Belgian glass, gearing, transmission and metals group BMT, listed on the Brussels Stock Exchange, sold its glass tempering and metallurgical furnace business to UK Solent Steel Engineering, the group …

Belgian glass, gearing, transmission and metals group BMT, listed on the Brussels Stock Exchange, sold its glass tempering and metallurgical furnace business to UK Solent Steel Engineering, the group said in a press release on 2 April 2002. The deal included the assets, stock, the staff and some customer contracts of the furnace activities of UK EFCO Ltd., a member of BMT group, bought in October 1998. Financial details of the transaction were not disclosed. The group will continue to operate its EFCO Float Systems division, it said.

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