Gelsenkirchen, August 19, 2005. Masterflex AG, a technology leader in specialty plastics processing which is listed on the SDAX (ISIN DE0005492938), signed a purchase agreement to acquire the Surpro Group, Wilster on August 18, 2005. This transaction is subject to the normal conditions precedent. The parties agreed not to disclose the purchase price.
With its comprehensive expertise in precious metal coating, Surpro is one of the leading companies in this field worldwide. The profitable company generated revenues of around EUR 15 million in 2004.
Masterflex AG, which focuses strongly on materials science and new materials in its research and development, expects substantial momentum and synergy effects for product development in its Medical Technology and Fuel Cell Technology business units, as well as for the metallic coating of plastics.