4th Nov 2008 09:56
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Spirax-Sarco Engineering plc |
Charlton House Cheltenham Glos. GL53 8ER |
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News Release |
Telephone: 01242 521361 Fax: 01242 581470 www.SpiraxSarcoEngineering.com |
4th November 2008
Spirax Sarco acquires Flexicon UK Distributor for £500K
Spirax-Sarco Engineering plc, the world leader in the control and efficient use of steam and in peristaltic pumping, announces that, through its subsidiary company Watson-Marlow Limited, it acquired on 3rd November 2008 the entire issued share capital of PAK Machinery Ltd in the UK. The acquisition includes the UK distribution rights for the peristaltic aseptic filling system business of Flexicon A/S, based in Denmark, that Spirax acquired in February 2008.
The PAK Machinery Ltd business will be integrated into the Watson-Marlow UK business and will complement the existing peristaltic pumps business for dispensing applications in the biotechnology and pharmaceutical industries.
The purchase consideration of £500K excludes any cash or debt and will be financed from the Group's existing cash resources. £450K was paid on completion.
Contact details:
Mark Vernon - Chief Executive
David Meredith - Director-Finance
Spirax-Sarco Engineering plc
Charlton House
Cheltenham
Glos. GL53 8ER
Tel: 01242 521361
Fax: 01242 581470
www.SpiraxSarcoEnginering.com
Related Shares:
Spirax-Sarco