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Luxfer Group Limited

Luxfer Group acquires Dynetek

17 September 2012

Dynetek logo

Salford, England:
September 17 2012

LUXFER HOLDINGS PLC, the global materials technology company serving the environmental, healthcare and protection markets, today announced that at a general meeting on Friday September 14, the shareholders of Dynetek Industries Limited (“Dynetek”) had voted overwhelmingly to accept Luxfer’s offer to acquire Dynetek. All the required approvals being in place, the transaction closed today.

The acquisition of Dynetek reinforces Luxfer’s position as one of the world’s leading manufacturers of high-pressure gas cylinders, with now 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.”

CONTACTS
Questions regarding this release should initially be directed to:
Dan Stracner
US Telephone number +1-951-341-2375 or
email: dan.stracner@luxfer.net.

 

Our Business Units

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High Performance and Lightweight Magnesium Alloys

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Luxfer is the most trusted name for high-pressure gas cylinders worldwide from life-protecting use in public safety and healthcare to making our environment cleaner with CNG storage on vehicles and in specialty applications.

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