Acquisition

RNS Number:6208M
Trifast PLC
23 June 2003


Issued by Citigate Dewe Rogerson Ltd, Birmingham
Monday, 23 June 2003

                                                               Embargoed: 7.00am



                        TRIFAST ACQUIRE POZIDRIV(R) BRAND


International fastenings Group, Trifast, has acquired from European Industrial
Services, a number of leading brands and intellectual property rights to add to
their expanding portfolio of licences, patents and trademarks.


Included in the 'brand' acquisition is that of Pozidriv(R), which was originally
developed by GKN.  Today the Pozidriv(R) drive mechanism is renowned worldwide as
an industry standard as well as being widely recognised within both the trade
and DIY retail markets.


Other brands included in the acquisition include Supadriv(R), Polymate(R), and
Twinfast(R).  All products will be predominantly produced at the Group's
world-class manufacturing facilities in the Far East.


Jim Barker, Chief Executive, Trifast plc commented:


"Part of our strategy has been to develop our branded portfolio through securing
licences".


"By acquiring Pozidriv(R) and the other marks, we will become known as the
authority in fasteners through owning the brands, controlling manufacturing,
distribution and quality which clearly underpins our strategy going forward".


"Our goal is to have the TR brand recognised globally as the Premier Brand in
fasteners".




Enquiries:

Trifast plc                             Citigate Dewe Rogerson

Geoff Budd, Executive Director          Fiona Tooley
Telephone (today): 020 7282 8000        Telephone (today): 020 7282 8000
Mobile: [phone]                    Mobile: [phone]
Thereafter: + 44 (0) 1825 747366        Thereafter: [phone]


Editors Notes:


Trifast is an international manufacturer and distributor of industrial
fastenings, and its principal subsidiary trades under the brand 'TR Fastenings'


Founded in 1973, today it employs 1,000 staff across its 28 locations over three
Continents. With over 100,000 stocked items, it services a variety of industries
including, electronics, telecoms, automotive, domestic appliances, security,
aerospace and general industrial.


Sales in the financial year ended March 2003 sales reached #104 million.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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