7th Sep 2007 16:00
Melrose PLC07 September 2007 MELROSE PLC DYNACAST ACQUISITION OF 'Q-ZIP DIECASTING' BUSINESS The Board of Melrose are pleased to announce that Dynacast Canada Inc hasacquired the business of Q-Zip Diecasting Inc ("QZD") based in Quebec, Canadafrom Fasco Die Cast Inc for £5.9.m (C$12.6m) which will be paid in cash. QZD specializes in the manufacturing of precision zinc die casting componentsand has gross assets of £5.2m (C$11m) and profits attributable to the businessprior to any synergies are £0.6m (C$1.2m). This acquisition is expected toimprove the profitability of Dynacast Canada's operations. For more information M Communications James Hill 0207 153 1559 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Melrose