Spirax-Sarco Engineering PLC
04 July 2006
Spirax-Sarco Engineering plc Charlton House
Cheltenham
Glos. GL53 8ER
News Release Telephone: 01242 521361
Fax: 01242 581470
www.SpiraxSarcoEngineering.com
4 July 2006
Spirax Sarco acquires majority share in US manufacturer of pure steam generators
and water stills for US$4.9 million
(£2.7 million)
The Group announces that, through its newly formed subsidiary company Spirax
UltraPure, LLC, it has acquired 80% of the business and assets of UltraPure
Group, Inc of Florida, USA. The remaining 20% will be retained by the founders
of UltraPure, in recognition of their continuing involvement in the business.
UltraPure's range of pure steam generators and water stills is marketed to the
pharmaceutical and biotechnology industries and complements and strengthens the
Group's existing specialist range of products for the control of pure steam and
clean steam in ultra-hygienic processes.
The purchase consideration for the Group's 80% interest is $4.9 million (£2.7
million) and will be financed from existing funds.
Spirax Sarco provides knowledge, service and products for the control and
efficient use of steam and other industrial fluids worldwide.
Contact details:
Marcus Steel - Chief Executive
David Meredith - Director Finance
Spirax-Sarco Engineering plc
Charlton House
Cheltenham
Gloucestershire
GL53 8ER
Tel: 01242 521361
Fax: 01242 581470
www.SpiraxSarcoEngineering.com
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.