14 August 2003
Masterflex AG Gelsenkirchen has signed an agreement with Flexschlauch GmbH, a wholly owned subsidiary of Smiths Group plc, to acquire the assets of Matzen & Timm, which is located in Hamburg. Matzen & Timm is a trading division of Flexschlauch, a company registered in Lbeck, which operates within Smiths Specialty Engineering Division.
Subject to the conditions of Closing, the acquisition will take economic effect from 1st September 2003.
By execution of this acquisition, Masterflex AG completes its product portfolio by offering a full range of high-tech flexible tube systems. Matzen & Timm supplies, inter alia, the international aeronautical industry with highly specialised products such as flexible tubes and formed components. Matzen & Timm has approximately 50 employees.
ENDS
Related articles
Smiths Group appoints Kini Pathmanathan as Head of Smiths Excellence & Sustainability
Find out more
Smiths Detection to supply Belfast International Airport with 3D X-ray scanners
Find out more
Smiths Detection launches X-ray Diffraction technology to combat illegal narcotics and contraband trafficking
Find out more