15 April 2002
Smiths Group has completed the sale of its marine seals business (formerly John Crane-Lips) to Wartsila Corporation of Finland, for 215 million. The terms of the deal are as announced on 30 January. The consideration has been received and this has reduced the company's current level of borrowings to approx. 900m.
ENDS
General media enquiries
Contact our global media and communications team at:
Please note – the press team can only answer enquiries from accredited members of the press.
Related articles
John Crane hits 50 year dry gas seals anniversary
Read our latest news as John Crane celebrates a 50 year milestone for manufacturing dry gas seals
Find out more
John Crane signs global framework agreement with leading international energy company
Read our latest company news as John Crane signs a global framework agreement with a leading international energy company
Find out more
Smiths Group plc sale of Smiths Detection
Find out more
