A BRITISH firm which began as a maker of buckles and fasteners in the 1920s has fallen into foreign hands following a £2.9bn takeover deal.
Engineering firm Tomkins, which has more than 25,000 staff and operates in 23 countries, is being bought by US private equity firm Onex Corporation and the Canada Pension Plan Investment Board.
The recommended offer comes days after Tomkins received a 325p-a-share approach from the consortium.
