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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.