16th Mar 2005 07:02
Smiths Group PLC16 March 2005 Smiths Acquires U.S. Seals Business for John Crane Smiths Group today announced that it has strengthened its John Crane mechanicalseals business with the acquisition of U.S Seal from Superior Essex Inc. ofAtlanta, Georgia. The purchase price of $11.8m was paid in cash at closing. Commenting on the acquisition, John Langston, Group managing director SmithsSpecialty Engineering Division said, "US Seals will significantly extend JohnCrane's sales to the replacement market for mechanical pump seals in the U.S. ". Smiths Group designs and manufactures safety-critical systems and products, andhas market leading positions in aerospace, detection systems, medical devices,mechanical seals and interconnect products. For further information visitwww.smiths-group.com John Crane, part of the Specialty Engineering division of Smiths Group, is theacknowledged technology leader and the world's largest manufacturer ofMechanical Seals and associated products. With a workforce of over 6000 peoplein 47 countries, it provides an unrivalled global presence combined withpersonalised local service and support. - End - Contact Media: Caroline Harris +44 (0) 20 8457 8304Investors: Russell Plumley +44 (0) 20 8457 8203 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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