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THE DEAL
Following its financing of the purchase of Powell Duffryn Plc in November 2000, NPIL announced plans to dispose of the Group's engineering interests.

In June 2001, JiP Kugleventiler A/S was sold to Danfoss, the Danish industrial conglomerate.

THE NPIL DIFFERENCE
The disposal was run solely by NPIL, in conjunction with the local management of the intermediate parent company.

THE BUSINESS
JiP is a specialist engineering company serving the niche area of high performance 15-500 millimetre ball valves for district heating networks. It enjoys high market share in its market sector and has production facilities in Denmark and a sales office in Germany.

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