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Weir Close to Selling Flow Control Business

Monday, February 4, 2019  
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The Weir Group is close to selling its Flow Control unit for more than $390 million, Reuters reports. “The 148-year-old company said in April that it would start a process to sell the flow-control division” which “comes after oilfield services companies were hit by a slowdown in demand last year as regional oil prices fell due to transportation bottlenecks faced by producers.” More...

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