Gelsenkirchen, 10 August 2010. Today, Masterflex AG - as announced in the ad hoc disclosure of 28 June 2010 - concluded a contract for the sale of its subsidiary SURPRO GmbH, D-Wilster. The contract was drawn up with the usual provisos for the relevant transactions. The transfer of the equity interest is due to take place by the end of this financial year.
The SURPRO Group is a highly specialised niche provider for the production and finishing of precision surfaces, primarily for the luxury goods industry. The company has suffered substantial losses in the past few years, negatively impacting group development to a significant extent. In addition, there are no synergies with Masterflex AG's core business of high-tech hose systems. This sale therefore signifies a further important milestone towards concentrating Masterflex AG's activities on its successful core business.