£60m Dyno-Rod sale falls through

The £60m (€89m) sale of British plumbing company Dyno-Rod collapsed after potential buyers failed to agree a deal, it emerged tonight.

£60m Dyno-Rod sale falls through
Fri, 13 Aug, 2004 - 18:37

The £60m (€89m) sale of British plumbing company Dyno-Rod collapsed after potential buyers failed to agree a deal, it emerged tonight.

Representatives of a new group set up to acquire Dyno-Rod said its 74-year-old owner, former airline pilot Jim Zockoll, decided not to go ahead with the sale even though all his terms had been met.

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