ROR Rotork Plc

 

TIDMROR 
 
RNS Number : 2407M 
Rotork PLC 
20 May 2010 
 

 
20 May 2010 
                                   Rotork plc 
 
                  Acquisition of Ralph A. Hiller Company Inc. 
 
Rotork plc, the world leading actuator manufacturer, is pleased to announce the 
acquisition of Ralph A. Hiller Company Inc. (Hiller) a designer and manufacturer 
of nuclear actuators and distributor of related products based in Pittsburgh, 
Pennsylvania, United States. 
 
The total consideration for the acquisition of the entire issued share capital 
and facility of Hiller is $7.8 million payable in cash.  Approximately $1.3 
million of the consideration is deferred and payable over the next 19 months. 
 
Hiller's financial year end accounts for the year ended 30 September 2009 shows 
turnover of US$14.6 million and profit before tax of US$421,000. 
 
Commenting on the acquisition, Peter France, Group Chief Executive of Rotork, 
said: 
 
"Hiller is a professionally managed designer and manufacturer of pneumatic and 
hydraulic nuclear actuators and a distributor of related products, established 
in 1950 with an excellent reputation for supplying quality products to its 
chosen markets. 
 
"Hiller will sit within Rotork's Fluid Systems division and provide the group 
with a range of additional complementary nuclear products which will be sold 
through existing sales channels and Rotork's worldwide network of sales offices. 
 This acquisition supports the group's strategy of expanding its nuclear 
capability." 
 
For further information, please contact: 
+------------------------------+------------------------------+ 
| Rotork plc                   |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Peter France, Chief          | Tel: 01225 733300            | 
| Executive                    |                              | 
+------------------------------+------------------------------+ 
| Jonathan Davis, Finance      | Tel: 01225 733224            | 
| Director                     |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| Financial Dynamics           | Tel:  020 7831 3113          | 
+------------------------------+------------------------------+ 
| Jon Simmons                  |                              | 
+------------------------------+------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQUKSRRRRAVAUR 
 

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