Masterflex SE — M&A Activity 2003

Aug 14, 2003

News Details

Ad-hoc | 14 August 2003 08:45

Masterflex AG english

Masterflex AG takes over the Hamburg-based company Matzen & Timm Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Gelsenkirchen, August,14, 2003. Masterflex AG, Gelsenkirchen (ISIN DE000549293, WKN 549293), has signed an agreement with Flexschlauch GmbH, a company registered in Lübeck, to acquire the assets of Matzen & Timm, which is located in Hamburg. Matzen & Timm is a trading division of Flexschlauch, a wholly owned subsidiary of Smiths Group plc, of the UK, and operates within Smiths Speciality Engineering Division. Subject to the conditions of Closing, the acquisition will take economic effect from 1st September 2003. By execution of this acquisition, Masterflex AG completes its product portfolio by offering a full range of high-tech flexible tube systems. Matzen & Timm supplies inter alia, the international aeronautical industry with highly specialised products such as flexible tubes and formed components. Matzen & Timm has approximately 50 employees. Further information: kniep@masterflex.de ,Tel. +49 (0)209 970 77 44, Fax +49 (0)209 970 77 20 end of ad-hoc-announcement (c)DGAP 14.08.2003 ——————————————————————————– WKN: 549 293; ISIN: DE0005492938; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart 140845 Aug 03