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Spirax-Sarco Engineering Plc Acquires Bio Pure Technology Limited - Spirax-Sarco Engineering plc, the world leader in the control & efficient use of steam and in peristaltic pumping, announces that it has acquired the entire issued share capital of Bio Pure Technology Limited (Bio Pure) for £8.5 million - SpiraxSarco.com
Spirax-Sarco Engineering Plc Acquires Bio Pure Technology Limited

 

PRZOOM - /newswire/ - Blythewood, SC, United States, 2014/01/06 - Spirax-Sarco Engineering plc, the world leader in the control & efficient use of steam and in peristaltic pumping, announces that it has acquired the entire issued share capital of Bio Pure Technology Limited (Bio Pure) for £8.5 million - SpiraxSarco.com.

   
 
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Bio Pure will operate as part of our Watson-Marlow Pumps Group (WMPG).

Bio Pure, based in Portsmouth, specialises in the design and production of advanced single-use tubing connector systems for the biopharmaceutical industry. The business was established in 1998 by Roy Maunder, who will continue with Bio Pure as a Non-Executive Director. We are pleased that Steven Feasey will continue as Sales Director.

WMPG already has a strong commercial relationship with Bio Pure, jointly promoting Watson-Marlow tubing and Bio Pure connectors to shared customers, where both Bio Pure and Watson Marlow products are integrated into customers’ equipment. There is therefore clear synergy and significant growth opportunities presented by bringing together Bio Pure’s product range and WMPG’s products to meet the needs of the rapidly growing single-use biopharmaceutical market. The acquisition strengthens WMPG’s presence in both the biotechnology and pharmaceutical industries. In particular, Bio Pure complements WMPG’s existing range of Flexicon peristaltic filling systems, easing customer validation in demanding contamination-free dispensing applications.

The purchase consideration excludes any cash or debt balances and will be financed from the Group’s existing cash resources. The acquisition is expected to provide a small benefit to Group earnings per share from 2014

About Spirax Sarco

Spirax Sarco (spiraxsarco.com) provides knowledge, service, products and turnkey solutions for the control and efficient use of steam, air and other industrial fluids for industrial and commercial users in the United States.

 
 
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Agency / Source: Spirax Sarco

 
 

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Spirax-Sarco Engineering Plc Acquires Bio Pure Technology Limited

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Spirax Sarco | Bio Pure Technology Limit
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Spirax Sarco securities in any jurisdiction including any other companies listed or named in this release.

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