RNS Number:6181M
Metalrax Group PLC
28 January 2008

                                                                 28 January 2008

                        Metalrax Group PLC ("Metalrax")

               Acquisition of Post Glover LifeLink, Inc. ("PGL")

Metalrax Group plc, the niche supplier of specialist engineering and consumer
durable products, is pleased to announce that on Friday 25th January 2008 it
acquired PGL from Halma p.l.c. ("Halma") for a cash consideration of $6.0
million (�3.0 million). The consideration is subject to a $ for $ adjustment of
the amount by which the net asset value on the completion date falls short or
exceeds $1.95 million (�1.0 million), subject to a maximum addition of $0.5
million (�0.3 million).

The acquisition is in line with Metalrax's stated strategy to supplement organic
growth through selective acquisitions of complementary technologies and
companies that operate in niche markets, have significant growth potential and
barriers to entry and can each be expected to contribute meaningful profits. It
is immediately earnings enhancing and has been funded from Metalrax's existing
cash and debt facilities.

PGL, which is based in Erlanger, Kentucky, USA, is a world leading manufacturer
of isolated electrical power systems and electrical raceways for the medical,
laboratory and educational sectors. The company, which has been owned by Halma
since 1979, employs 24 people and is the number two supplier in each of its
primary product markets.

The existing management team will all remain with the business following
completion and have invaluable experience in the electrical product, healthcare
equipment and power and communication containment markets.

In the year ended 31 March 2007, PGL reported revenues of $6.2 million (�3.1
million) and operating profit (note 2) of $1.0 million (�0.5 million). Gross
assets at 31 March 2007 amounted to $4.1 million (�2.1 million). Performance for
the current year indicates encouraging levels of growth.


Andrew Richardson, Chief Executive of Metalrax, commented:

"The acquisition of PGL marks our first step in supplementing Metalrax's
turnaround potential and organic growth prospects.

"As well as enhancing Metalrax's existing markets, the acquisition of PGL takes
the Group further into the healthcare, medical, laboratory and educational
sectors where we are well placed to grow organically and through further
selective acquisitions."


Notes

1. A copy of this announcement, together with other information about
Metalrax, may be viewed on its website: www.metalraxgroup.co.uk .

2. Operating profit is stated before interest and Halma group management
charges.

3. This statement is not intended to constitute a profit forecast for the
current financial period or for any future period. In addition, this statement
should not be taken to mean that the earnings per share of Metalrax will
necessarily match or exceed the historic reported earnings per share of
Metalrax.

4. Exchange rate used: $1.9717/�1.


For further information, please contact:

Metalrax Group PLC
Andrew Richardson, Chief Executive                      0121 433 3444

Arden Partners
Chris Fielding                                          020 7398 1600
Steve Douglas                                           0121 423 8900

Smithfield
Reg Hoare/Will Swan/Will Henderson                      020 7360 4900




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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