3rd Jul 2008 16:16
FOR IMMEDIATE RELEASE 3 JULY 2008
CHEMRING GROUP PLC COMPLETES ACQUISITION OF
SCOT, INC.
Chemring Group PLC announces that it has successfully completed its acquisition of Scot, Inc. ("Scot"), having received the necessary regulatory approvals. The acquisition was first announced on 27 May 2008.
Scot, based in Downers Grove, Illinois, USA, is a leading manufacturer of cartridge-actuated and propellant-actuated devices (CAD/PADs) used in aircraft emergency systems and for aircrew egress. Scot also designs and manufactures actuators, valves and sequencers, separation nuts and bolts, and aircraft weapon ejector systems.
For further information:
Dr David Price Chief Executive, Chemring Group PLC 01489 881880
Paul Rayner Finance Director, Chemring Group PLC 01489 881880
Rupert Pittman Cardew Group 0207 930 0777
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