COMPANY ANNOUNCEMENT

The R STAHL Group is pleased to announce that on the 30th April 2010, it acquired Clifford & Snell through an asset purchase deal from Signature Industries Ltd.

This acquisition presents Clifford & Snell with an ideal opportunity to further strengthen its position within the global market place, through the support and financial backing of R STAHL, a major international company specialising in the manufacture of equipment for explosive environments.

This is a significant opportunity for the business and we are excited with the prospect of having the additional products within our signalling range to offer both new and existing customers. Furthermore, STAHL’s financial strength and desire for growth through additional investment will assist Clifford & Snell to accelerate its product design and development program and achieve global recognition for its products.

Furthermore, STAHL’s international sales organisation will provide additional routes to market for Clifford & Snell product, through both direct sales and its global project business.

On behalf of the Team at Clifford & Snell, I would like to assure you of our ongoing commitment to serve you, our valued customers and continue to develop opportunities to grow the business well into the future.

If you have any questions regarding this statement, please feel free to discuss with your Regional Sales Manager or myself for further information.

Yours sincerely

Trevor Gage
Managing Director
Clifford & Snell

email: tgage@cliffordandsnell.com
Tel: +44 208 317 1717   Mob: +44 776 8080 593
                                                                       

                                                                        Clifford & Snell - Member of the R.STAHL Technology Group