GALLATIN, Tenn./EWORLDWIRE/Nov. 6, 2007 --- Effective October 31, Linatex announced that it has entered into a definitive agreement, under which Linatex Corporation of America will acquire Durex Products, Inc. Together, Linatex and Durex will offer customers a comprehensive range of products, services and solutions for materials processing in hard rock mining, sand and aggregates. Both companies have a strong focus on providing products that offer superior mineral processing solutions combined with maximum wear resistance. This in turn delivers optimum throughput with significantly reduced maintenance costs. "Durex Products and Linatex have a natural fit. The customized solutions from Durex provide the industry with a refreshing approach that allows the execution of best screening and wear solutions that solve customers' unique material processing needs. Combined with the broader Linatex product range plus use of our unique and extreme-wear rubber compounds, we can provide the industry with exceptional products," said Greg Caddle, president of Linatex Corporation of America. "With this announcement, Linatex solidifies a leadership position, with unmatched ability to earn the confidence of customers as they develop solutions aimed at optimizing value throughout their product's entire lifecycle. This is an exciting opportunity to bring the best of both businesses together."
"Together the two companies enjoy financial stability. Globally Linatex has seen tremendous growth and has established an impressive list of customers, and the reputation of Durex products is unsurpassed. We are confident that the combined expertise and the broader product and service capability will significantly expand our customer base and opportunities for growth," added Neil Macleod, CEO of Linatex. "The decision to combine with Durex Products reflects our determination to provide comprehensive value solutions to our customers, and this helps to position the global Linatex business for both global and local growth in the years to come. I strongly believe that for Linatex and all our global constituents, this is the right transaction, with the right partner, for the right reasons, at the right time," Mcleod concluded.
Following completion of the proposed transaction, Durex Products will become fully integrated within Linatex Corporation of America. A joint team with representatives of both companies will be working through the implementation of a combined manufacturing, sales and support business.
Linatex is a global leader, known for providing the world's best natural rubber for use in abrasive wear environments, among others. Linatex also offers a range of other products for materials processing. Durex Products is a leading provider of highly effective, cost-efficient screening media and wear part solutions for the aggregate, mining, asphalt and concrete industries. Durex Products provide a choice of wire cloth, urethane and rubber screening media, as well as urethane and rubber wear parts.
Global Head Office: 6 12 Mile Jalan Ipoh, 68100 Batu Caves, Selangor, Dural Ehsan, Malaysia T: +60 3 6251 7888 F: +60 3 6250 7621 E:info@linatex.com
About Linatex
Established in Malaysia in the 1920's, Linatex revolutionized the concept of industrial wear designs and solutions using Rubber. Since then, Linatex has grown into a truly global organization offering an extensive range of complementary products and services. Linatex has sites on every continent and a distribution network unparalleled in the industry. Products can be delivered anywhere in the world and the Linatex network supports your team on special projects to gain access to international markets.
Rubber Sheet and Lining
Process Equipment
Spares & Replacements
Moulded and Fabricated Products
Mining & Specialty Hoses
Technical Expertise
For more information contact:
Alex McCall
Global Marketing Manager
E: alexandra.mccall@linatex.com T: +61 418 888 595
Neil Macleod
CEO
Linatex Global Group of Companies
E: neil.macleod@linatex.com T: + 60 3 6255 2111
Greg Caddle
President
Linatex Corporation of America
E: greg.caddle@linatex.com T: + 1 615 230 2112
Global Head Office: 6 12 Mile Jalan Ipoh, 68100 Batu Caves, Selangor, Dural Ehsan, Malaysia T: +60 3 6251 7888 F: +60 3 6250 7621 E:info@linatex.com
Media enquiries: Lauren Quirke, Marketing Communications. E: lauren.quirke@linatex.com T: +61 3 9834 7477
(Top)