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
![Interconnect Connector](/media/3hnni12p/interconnect-connector.jpg?width=431&height=214&format=webp&quality=100&v=1dad7688743f780)
Smiths Interconnect launches new technology to improve connectivity in mission critical applications
Read our latest company news as Smiths Interconnect launches new connector technology
Find out more![Ariane 6](/media/obfincds/ariane-6.jpg?width=431&height=214&format=webp&quality=100&v=1dad295a87941d0)
Smiths Group supports launch of Ariane 6 space rocket
Read our latest company news as Smiths Group supports the launch of the Ariane 6 space rocket
Find out more![Smiths Detection HI SCAN 6040 Ctix](/media/pksfrrfr/smiths-detection-hi-scan_6040_ctix.jpg?width=431&height=214&format=webp&quality=100&v=1dacdfb885247b0)
Smiths Detection Selected by Zurich Airport to Trial Advances CT X-Ray Scanners
Read our latest company news as Smiths Detection is selected by by Zurich Airport to Trial Advances CT X-Ray Scanners.
Find out more