Navis Capital Sells Linatex To Weir Group

(Reuters) – Malaysian private equity firm Navis Capital Partners said on Friday it has sold Malaysia-based rubber products maker Linatex to British engineering firm Weir Group (WEIR.L: Quote, Profile, Research, Stock Buzz) PLC for $200 million.

Navis bought Linatex from Elements PLC in late 2005 for $31.4 million and moved the business from Britain to Malaysia.

(Reporting by Kevin Lim)