Royal Bank Private Equity has capped a busy start to 2001 by succeeding in its 108p-a-share offer to take private Expamet International, the building and engineering company.

The deal values the company at £69m (€111.3m). Expamet will now delist at the earliest opportunity. The 120-year-old company has three divisions: building products, which manufactures lintels and plastering metal products in the UK and Germany and the Olaer Group in France, which produces hydraulic components.