ERIKS strengthens its market position in industrial plastics
FromExecutive board ERIKS nv
Telephone+31-72 54 75 888
Date4 May 2010
SubjectERIKS STRENGTHENS ITS MARKET POSITION IN INDUSTRIAL PLASTICS
ERIKS nv is pleased to announce that ERIKS Belgium and SKF Economos Austria have signed a Letter of Intent (LOI) regarding the possible acquisition of the plastics engineering activities of SKF Economos Belgium in Asse.
The acquisition would comprise about 20 employees and the workshop including the complete machine park for the machining of engineered plastics and would become an integral part of the business unit of ERIKS+Baudoin.
With this acquisition, ERIKS+Baudoin will be able to strengthen its market position in the core activity of industrial plastics and offer its customers a more integral product range for advanced engineering plastics and will improve the added value of Quick Supply.
Subject to a positive outcome of the due diligence which is currently underway, we expect to conclude the transaction before 1 July 2010.