|
Swissmetal strengthens its Northern American presence Dornach, 05th March 2008 Today, the Swissmetal Group agreed with the owner of the US company RM Precision Swiss Inc., Las Vegas, Nevada/USA, to acquire the company. The transaction will be implemented after the usual conditions are met.
RM Precision is a highly-specialised manufacturer of technical precision parts composed of copper alloys. The company is a supporting pillar for the North American plug connector business, in particular in the aviation sector. RM Precious as well as the customers of RM Precision for the most part comprises long-term business partners of Swissmetal.
RM Precision Swiss Inc. generated sales of $ 9.5 in 2007 and as of 31 December 2007, had 82 employees. Both parties have agreed to keep the financial terms of the transaction confidential. |
