Ducab buys UK's AEI Cables | The National:
"Ducab has bought the United Kingdom-based AEI Cables, its first overseas manufacturing plant.
The Jebel Ali-based cable manufacturer yesterday confirmed reports in the UK this week that it had acquired the troubled AEI Cables, located in County Durham, north-east England.
Ducab will acquire all the manufacturing assets of AEI, along with a workforce of 200 people.
AEI entered a restructuring process through a company voluntary arrangement in 2011 after cash-flow problems, laying off 126 staff."
'via Blog this'
No comments:
Post a Comment