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SALFORD, England (17 September 2012)—Luxfer Group (Luxfer Holdings PLC), the global materials technology company serving the environmental, healthcare and protection markets, today announced that at a general meeting on Friday, 14 September 2012, the shareholders of Dynetek Industries Limited voted overwhelmingly to accept Luxfer’s offer to acquire Dynetek. All required approvals being in place, the transaction closed today.
Luxfer Group is the parent company of Luxfer Gas Cylinders.
The acquisition of Dynetek reinforces Luxfer’s position as one of the world’s leading manufacturers of high-pressure gas cylinders, now with eight manufacturing plants in the USA, Canada, UK, France, Germany, China and India, plus joint ventures (in the area of alternative fuel) in India and South Korea.
Dynetek has a leading position in compressed natural gas (CNG) cylinders and alternative fuel (AF) systems for buses and heavy-goods vehicles and is a global authority on portable hydrogen containment. The company operates manufacturing facilities in Canada and Germany.
Brian Purves, CEO of Luxfer Group, said: “I am delighted to welcome Dynetek’s employees, customers and suppliers to Luxfer Group and look forward to working with them in the fast-growing area of alternative fuel systems and transportation modules.”
Cautionary Statement: This announcement contains certain forward-looking statements about the operations, performance and financial condition of Luxfer Group. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to materially differ from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement, and Luxfer undertakes no obligation to update these forward-looking statements.