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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Blue Star Mob | LSE:BTR | London | Ordinary Share | GB00B06HJN03 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS No 3393q BTR PLC 5th August 1997 BTR PROCESS CONTROL GROUP ACQUIRES LIMITORQUE CORPORATION BTR plc announces that its Process Control Group, one of the world's leading suppliers of valves, meters and industrial batteries with 1996 sales of approximately #1 billion, has acquired Limitorque Corporation from American Manufacturing Corporation for a cash consideration of US$60 million. Limitorque will join BTR Process Control's Valve business. Limitorque is the foremost US manufacturer of multi-turn electric actuators and one of the two largest electric actuator manufacturers in the world. Based in Lynchburg, Virginia, with annual sales of US$76 million, the company has additional manufacturing operations in North Carolina, England, Australia, Singapore and India. A supplier to more than 500 valve manufacturers and many other end-users worldwide, Limitorque's product range also includes gear reducers, quarter-turn electric actuators and pneumatic actuators. Limitorque fits well with BTR's strategy of furthering the Valve group's global presence, complementing its existing product range and enhancing its capability to offer integrated solutions to the international customer base. There are good growth opportunities for this business as the demand for actuated valves is expected to continue to increase in the future as customers seek to reduce operating costs, raise productivity and increase safety. Commenting on the acquisition, Ian Strachan BTR's Chief Executive said: "The acquisition is the latest in a number of strategic purchases made to extend our product offering and geographic range in areas where we expect to see high growth. To date in 1997, we have purchased annualised sales in excess of #350 million. Our Power Drives Group has acquired the servomotor and control devices manufacturer, Parvex and a number of sub-fractional and fractional motors business in the US and Europe. Process Control has invested in key emerging markets - expanding its Valves operation, with the acquisition of Worcester Controls' Brazilian arm, and its Batteries business with the purchase of Huada in China and Microlite in Brazil." For more information please contact: BTR plc Stuart Gendall, Manager, Corporate Communications Tel.: +44(0)171 821 3726 Brunswick Group Victoria Sabin Tel.: +44(0)171 404 5959 Visit BTR's web site at: www.btrplc.com END
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