April 3, 2008

Dutch seals distributor ERIKS has increased its bid for valve manufacturer Royal Econosto NV to €8.21 per share in cash from €7.80 after reports Gilde Buy Out Partners BV will increase its original bid to compete.
 
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
 
ERIKS owns about 8% of Econosto shares.
 
According to the ERIKS press release, ERIKS has agreed to acquire 20.4% of the shares from a group of shareholders, including Janivo Beleggingen B.V., Gestion …

Bosch Rexroth intends to acquire K. &H. Eppensteiner, the hydraulics equipment company based in Ketsch, Germany. An agreement was signed on March 31, 2008.

Eppensteiner develops, manufactures, and sells fluid filters for installation in hydraulic and lubrication oil systems. Its product portfolio also includes complete systems for purifying and recycling hydraulic and lubrication oil. With more than 200 associates, the company generated sales of roughly €28 million in 2007, mainly in Europe.

In acquiring Eppensteiner, we are taking an important step toward expanding our product portfolio to include accessory components. Fluid filters are an important building block in our strategy of further growth in the service and retrofitting business,”said Albert …