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News 54

Luxfer Holdings acquires Canadian Dynetek Industries for £3.2m

Luxfer Holdings, the Salford-based manufacturer of high-pressure gas cylinders, has agreed a deal to buy a Canadian business for £3.2m.

The firm will add £16m to its annual revenues by acquiring Dynetek Industries, which is based in Calgary and is listed on the Toronto Stock Exchange.

Dynetek designs and manufactures fuel storage systems and has facilities in Germany as well as Canada. Its range includes cylinders for compressed natural gas and alternative fuel systems for buses and lorries.

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