UPDATE 1-Tomkins to buy Canada's Stackpole

Newswire

(adds details, background, shares) LONDON, April 30 (Reuters) - British engineer Tomkins Plc said on Wednesday it had agreed to buy Canada's Stackpole for around 143 million pounds ($227 million) to boost its presence in the automobile parts business. "This acquisition is in line with Tomkins' stated strategy of developing a significant presence in the global automotive drivetrain and powertrain market estimated at $130 billion," the firm, a major supplier to U.S. car makers, said in a ...

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