Gelsenkirchen, Germany -- Masterflex AG said 6 Sept that it has successfully concluded the disposal of its subsidiary Supro GmbH. De-consolidation took place on 31 August 2010.
Supro Group is a highly specialised niche provider for the production and finishing of precision surfaces, primarily for the luxury goods industry, and had been part of the Masterflex Group since 2005. In 2009, the company generated revenue of Euro 11.2 million.
Masterflex said the sale of Supro, is past of its "systematic disposal of non-core activities that do not offer synergies with the High-Tech-Hose Systems core business unit."
Masterflex specialises in the development and production of high-quality connector and hose systems from innovative high-tech polymers, including polyurethanes, in its core High-Tech Hose Systems business unit.
According to Masterflex, it "commands the entire process chain:" from the use of materials to development of its own manufacturing processes using
self-developed facilities, up to the production and distribution of products.
The company makes hose systems for a wide range of industrial and medical applications at seven locations in Europe and the US.