Senior buys US rival for $13.3m

Manufacturing firm Senior said yesterday it had bought US rival WahlcoMetroflex (WMX) for $13.3m (£8.5m). WMX manufactures exhaust gas systems and other parts for the energy industry. WMX reported sales of $9.7m and profit before interest and tax of $1.1m in the first half of the year. The acquisition is expected to be immediately earnings enhancing.