Chase Corporation Acquires Concoat Holdings Limited.BRIDGEWATER, Mass. -- Chase Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CCF CCF abbr. Cooperative Commonwealth Federation of Canada ) of Bridgewater, Massachusetts, USA has acquired all of the capital of Concoat Holdings Limited and its subsidiaries of Camberley, Surrey, England for approximately US $9,000,000 (GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5,000,000). The deal does not include the equipment portion of the Concoat business known as Concoat Systems which was spun off prior to Chase's acquisition. E[acute accent]Concoat has been an agent, distributor and manufacturing licensee of Chase Corporation's HumiSeal product line for nearly 25 years. This acquisition will strengthen the HumiSeal/Concoat conformal coatings business and serves as a foundation for Chase Corporation in Europe. E[acute accent]Concoat will be part of the Chase Specialty Coatings division, a leader in the manufacture and sale of Anti-Corrosion materials focused on the key markets: E[acute accent]--Electronic Coatings E[acute accent]--Gas & Oil Pipeline Coatings E[acute accent]--Architectural & Bridge Coatings E[acute accent]Details of the Chase Specialty Coatings group businesses are available at www.chasespecialtycoatings.com E[acute accent]Chase Corporation, www.chasecorp.com, was founded in 1946 and is a USA listed company (ASE: CCF). E[acute accent]Information on Concoat, Ltd. can be found at www.Concoat.co.uk. E[acute accent]Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential" among others. These forward-looking statements are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for such forward-looking statements. E[acute accent]Chase Corporation is a diversified, advanced manufacturing company providing a wide-variety of high quality products and services to the specialty chemical, converting and electronic manufacturing industries. The Company's stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (ASE:CCF). E[acute accent]For further information contact Paula Myers - Shareholder and Investor Relations Investor relations The process by which the corporation communicates with its investors. Department (508) 279-1789 Ext. 219 |
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