Hexagon Composites acquires assets of MasterWorks Machining, Inc. and Helman Tensioners, Inc.
(Thomson Reuters ONE) -
Hexagon Composites' wholly owned subsidiary Hexagon Lincoln has closed on a
transaction acquiring the main assets of MasterWorks family of businesses:
MasterWorks Machining, MasterWorks Composite Solutions and Helman Tensioners.
MasterWorks and Helman Tensioners specialize in providing innovative design and
manufacturing solutions for the composites industry. This acquisition enhances
Hexagon Composites' technology leadership and manufacturing robustness, which
will strengthen the Group's position as the global leader in the industry, and
will provide additional capabilities for further expansions.
The agreed transaction value is USD 1.7 million. The transaction has effect as
of 10 October 2014.
Located in Maryland on the US East Coast, MasterWorks has 29 employees.
The business will operate under a newly formed entity, MasterWorks, Inc., as a
wholly owned subsidiary of Hexagon Lincoln, and will continue its offering of
world class services and products to the composites industry.
For more information:
Jack Schimenti, Managing Director, Hexagon Lincoln, Inc.
Telephone: +1 402 470 5044 | jack.schimenti(at)hexagonlincoln.com
Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | solveig.saether(at)hexagon.no
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hexagon Composites ASA via GlobeNewswire
[HUG#1862410]
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2014 - 08:54 Uhr
Sprache: Deutsch
News-ID 343381
Anzahl Zeichen: 2128
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