Senior Engng Group - Acquisition Completed
December 22 1997 - 2:44AM
UK Regulatory
RNS No 9592b
SENIOR ENGINEERING GROUP PLC
22nd December 1997
Acquisition of Metal Fab
Senior Engineering Group plc is pleased to announce that,
having received the required regulatory approvals, it has
completed the proposed acquisition of the business, trade
and assets of Metal Fab Machine Corporation ("Metal Fab")
on 19 December 1997 on terms consistent with those
previously announced on 24 November 1997.
For further information, please contact:
Senior Engineering Group plc 01923 775 547
Andrew Parrish, Group Chief Executive
Glenn Timms, Director - Corporate Development
Senior Flexonics Inc 001 630 372 3000
William L Kowal
Ludgate Communications 0171 253 2252
Tim Davis
Notes to Editors
Senior Engineering Group plc ("Senior") is a specialist
international engineering group with a market
capitalisation of approximately #500m. It is organised
into two principal divisions - Flexonics and Engineered
Products & Services. The Flexonics Division, which
provides 90% of the Group's operating profits, is a world
leading design and manufacturing business specialising in
thin-walled metallic flexible tubing and bellows,
servicing the Automotive, Aerospace (including Space) and
Industrial markets.
Following the sale of its underperforming Thermal
Engineering division at the beginning of the year, Senior
has enjoyed significantly improved market sentiment.
END
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