Gerber Scientific, Inc. Closes on Sale of Laser Marking and Engraving Business Unit to ALLTEC
02 Setembro 2009 - 9:30AM
PR Newswire (US)
SOUTH WINDSOR, Conn., Sept. 2 /PRNewswire-FirstCall/ -- Gerber
Scientific, Inc. ("the Company") (NYSE:GRB) today announced that it
had closed on the previously announced sale of its laser marking
and engraving business unit, FOBA Technology + Services GmbH
("FOBA"), to ALLTEC Angewandte Laserlicht Technologie GmbH, the
laser business unit of Videojet Technologies Inc. The Company said
that the net proceeds from the sale would be used to reduce its
outstanding debt and for general corporate purposes. RA Capital
Advisors acted as financial advisor to the Company in the
transaction. About Gerber Scientific, Inc. Gerber Scientific, Inc.
(http://www.gerberscientific.com/) is a leading international
supplier of sophisticated automated manufacturing systems for the
sign making, specialty graphics and packaging, apparel and flexible
materials, and ophthalmic lens processing industries. Headquartered
in South Windsor, Connecticut, the Company operates through four
primary businesses: Gerber Scientific Products, Spandex, Gerber
Technology and Gerber Coburn. Cautionary Note Concerning Factors
That May Affect Future Results This news release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements contained in this news release
regarding the Company's closing of the FOBA transaction and the use
of proceeds are forward-looking statements that involve risks and
uncertainties. For information identifying other important
economic, political, regulatory, legal, technological, competitive
and other uncertainties, readers are referred to the Company's
filings with the Securities and Exchange Commission, including but
not limited to, the information included in Gerber Scientific's
Annual Report on Form 10-K for the fiscal year ended April 30, 2009
under the headings "Business," "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations - Cautionary Note Concerning Factors That May Influence
Future Results," as well as information included in subsequently
filed Quarterly Reports on Form 10-Q and Current Reports on Form
8-K, which outline certain important risks regarding the Company's
forward-looking statements. Actual future results or events may
differ materially from these forward-looking statements. The
Company expressly disclaims any obligation to update any of these
forward-looking statements, except as required by law. DATASOURCE:
Gerber Scientific, Inc. CONTACT: Michael R. Elia, Exec. VP &
CFO, +1-860-644-1551 or Melodye Demastus, Investor Relations,
+1-614-771-8810, , both for Gerber Scientific Web Site:
http://www.gerberscientific.com/
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