Acquisition

Bodycote International PLC 24 May 2001 Thursday, 24th May 2001 For further information, please contact: John Chesworth, Managing Director David Landless, Finance Director Tel: 01625 505300 Bodycote International plc Scott Fulton Tel: 0171 831 3113 Financial Dynamics Bodycote acquires Finnish coatings company Bodycote International plc announces that on 2 May 2001, Bodycote Lampokasstilly Oy, its Finnish subsidiary, acquired the business and the assets of Oy Galvano AB of Espoo in Finland. Oy Galvano is the leading commercial anodising company in Finland and offers aluminium anodising services to the marine, construction, automotive and engineering sectors. Sales to the 31 December 2000 were FIM22.1m (£2.3m) and profit before interest and tax was FIM2m (£210,000). Bodycote paid FIM9m (£941,000) cash for the acquisition which has net assets of FIM8.8m (£920,000). The acquisition will allow Bodycote to develop a new range of processes for the Finnish market. Ends.

Companies

Bodycote (BOY)
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