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Swissmetal Group signs exclusive supply and sales contract with RM Precision Swiss, Inc. Dornach, November 06, 2008 Avins USA Inc., Warren, New Jersey, the American sales and distribution company of the Swissmetal Group, has signed an exclusive combined supply contract for raw materials and distribution contract for finished products for certain customers on the West Coast of North America, with RM Precision Swiss Inc., Las Vegas, Nevada, another American company. With this step both companies intend to achieve improved customer service and shorter reaction times and create a solid platform for further joint growth in the product segment concerned.
At present, the signing of the supply and distribution contract seems to both parties to be a reasonable alternative to the planned acquisition of RM Precision Swiss by Swissmetal. The prospects for complete merger of the companies are to be examined at regular intervals but there is no immediate urgency from the point of view of either company. In the main, the benefits expected from the combination of the two companies can also be achieved with the supply and distribution contract. |
