04 Aug 2008
THIS ANNOUNCEMENT (AND THE INFORMATION
CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA OR
AUSTRALIA.
Chemring Group PLC Completion of Acquisition
CHEMRING GROUP PLC COMPLETES ACQUISITION OF MARTIN
ELECTRONICS, INC.
Chemring Group PLC announces that it has successfully completed
its acquisition of Martin Electronics, Inc. ("MEI"), having
received the necessary regulatory approvals. The acquisition was
first announced on 24 June 2008.
MEI was founded in 1954, and operates from its headquarters and
production facilities near Perry, Florida, USA. MEI manufactures a
range of close combat products including training grenade fuzes,
pyrotechnics and specialist 40mm ammunition. Its customers include
the US military, prime contractors and overseas governments.
For further information, please contact:
Chemring Group PLC
Dr David Price 01489 881880
Cardew Group
Rupert Pittman 020 7930 0777