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Feintool International Holding Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
The Feintool Group, a leading technology and systems provider and a global components supplier, is stepping up its search for strategic partners for its smallest segment, Plastic/Metal Components. The approach communicated at the results media conference in November 2007, which left all options open - including the involvement of a strong partner - is being pursued further with the support of an external firm of consultants. Feintool aims to secure a stronger positioning on the global markets for its Plastic/Metal Components segment, which is based at Mühlemann AG in Biberist. The negotiations will address possible equity holdings.
For further information, please contact: Joachim Kaufmann, CEO, phone +41 (0)32 387 51 11
Feintool is a leading technology and systems provider in fineblanking/forming and assembly automation. It is also a global supplier of metal and plastic components.
Feintool operates globally at the company's own facilities in Switzerland (head office in Lyss), Germany, France, Italy, Great Britain, the United States, Japan and China, where around 1900 employees are committed to customer satisfaction.
