Georg Fischer AG
Georg Fischer strengthens position in Canada / Acquisition of Alfa Plastics Inc., Toronto
Georg Fischer AG / Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Schaffhausen, 15 May 2008, 7:00 a.m., Ad hoc Georg Fischer strengthens position in Canada Acquisition of Alfa Plastics Inc., Toronto Georg Fischer Ltd, Schaffhausen/Switzerland, acquires the business activities of Alfa Plastics Inc. in Brampton (Toronto), Ontario. The company is a specialized distributor of plastic pipes, fittings and valves for water treatment, chemical processes and other industrial applications with annual sales of about CHF 4.5 million and 20 employees. Alfa Plastics has worked together with GF Piping Systems for the past 20 years and is currently an important distribution partner in Canada. The company will be renamed Georg Fischer Piping Systems Ltd. and will be responsible for managing the Piping Systems activities in Canada. The new company is expected to be transformed from its present business as a distributor to a wholly owned sales, service and stocking point for Canadian customers. In addition it will be used as a platform to provide current Canadian utility distributors with enhanced service and support on products from the recently acquired Central Plastics Company in Oklahoma, the leader in piping systems for gas and water distribution in North America. The transaction is expected to be completed in the third quarter of 2008. For further information, please contact: Markus Sauter, Head of Corporate Communication, Georg Fischer Ltd, Phone +41 (0) 52 631 26 97, Fax +41 (0) 52 631 28 63, E-mail markus.sauter@georgfischer.com Daniel Bösiger, Head of Corporate Controlling / Investor Relations, Georg Fischer Ltd, Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16, E-mail daniel.boesiger@georgfischer.com Gisela Jungeblut, Alfa Plastics Inc., Phone +1 (905) 792 8005, Fax +1 (905) 792 6667, E-mail admin@alfaplastics.com ___________________________________________________________________________ Corporate Profile Georg Fischer - 'Adding Quality to People's Lives' Georg Fischer is focused on its three core businesses GF Automotive, GF Piping Systems and GF AgieCharmilles. Founded in 1802, the company is headquartered in Schaffhausen, Switzerland, and has over 140 locations worldwide including 50 production facilities. With some 13,000 employees, it generated annual sales of 4.5 billion Swiss francs in 2007. The Corporation makes a direct contribution to the quality of life: Mobility, comfort and precision are key market requirements that we satisfy with our products and services. You'll find further information under www.georgfischer.com. You can register for our subscription service for journalists at www.georgfischer.com/subscriptionservice. You will then automatically receive our latest Media Releases or the regular Top Stories from Georg Fischer by e-mail. Georg Fischer AG, 8201 Schaffhausen/Switzerland Phone +41 (0) 52 631 26 97, Fax +41 (0) 52 631 28 63 __________________________________________________________________________ Daniel Bösiger Head Corporate Controlling / Investor Relations Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16 daniel.boesiger@georgfischer.com 15.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Georg Fischer AG Amsler-Laffon-Straße 9 CH-8201 Schaffhausen Schweiz Phone: +41 - 52 631 2112 Fax: +41 - 52 631 2816 E-mail: daniel.boesiger@georgfischer.com Internet: www.georgfischer.com ISIN: CH0001752309 WKN: 851082 Indices: SPI Listed: Foreign Exchange(s) SWX End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found