Acquisition

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