Phoenix buys Dunlop Oil & Marine

HAMBURG, Germany (July 31)—Phoenix A.G., one of Europe´s leading rubber and plastic product makers, has bought Dunlop Oil & Marine Ltd., a specialist hose manufacturer based in Grimsby, England, from UniPoly S.A. for an undisclosed price. Dunlop Oil & Marine employs 150 and has annual sales of $32.5 million, according to Phoenix. This purchase, combined with the firm´s April acquisition of oil hose system supplier K&B Beattie Ltd., makes Phoenix No. 1 in the oil-exploration hose sector and its position in the dredging hose business is strengthened, the company said. The deal also improves the company´s position in the fluid handling sector.