Re: Ready for the big annoucment!!!

Welcome To The Raymor Industries HUB On AGORACOM

A leading Canadian developer of high technology and a producer of advanced materials and nanomaterials

Reply New Message

Prev Message Back To Forum Threaded View Next Message

ecce

Rank: Vice President [?]

Points: 1144 [?]

Votes: 34 Score: 4.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Ready for the big annoucment!!!

in response to

Ready for the big annoucment!!!

hackett1

posted on Feb 19, 2008 03:19AM

Will this help to have more sales ?

BOISBRIAND, QUEBEC--(Marketwire - Feb. 19, 2008) - Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advance materials, announces that its wholly-owned subsidiary, Raymor Aerospace Inc. has purchased SE Techno Plus Inc., a company specializing in the manufacturing, repair and precision grinding with super finishing of industrial and aerospace components.

As previously announced, this is a strategic acquisition which allows Raymor Aerospace to implement its one-stop-shop facilities for its coating services in the aerospace and industrial sectors and develop a larger market presence for Raymor's other subsidiaries. Certain major manufacturers in the aerospace sector for which Raymor has recently been accredited require this additional service. The purchase is estimated to generate a 20% return on capital for Raymor and the transaction is expected to be accretive to earnings.