HBS TECHNOLOGIE Acquires M&Q in Ireland.Business Editors BELFORT, France--(BUSINESS WIRE)--Jan. 15, 2001 The HBS HBS Harvard Business School HBs Hepatitis B Surface HBS Heinrich Boell Stiftung (German Political Foundation) HBS Household Budget Survey HBS Hogere Burgerschool HBS Hawaii Biological Survey (Bishop Museum) TECHNOLOGIE Group has purchased the assets and customer portfolio of its competitor M&Q Plastic Products (Limerick Limerick, city, Republic of Ireland Limerick, city (1991 pop. 56,083), seat of Co. Limerick, SW Republic of Ireland, at the head of the Shannon estuary. The city has a port with two docks. , Ireland), a specialist in systems for the protection and fastening of electrical and electronic wiring harnesses. The acquisition concerns M&Q Plastic Products assets, excluding workforce, and its customer portfolio consisting of wirers and British automobile manufacturers. M&Q, which recorded earnings of 600,000 (4 MF) in 2000, is an Irish family company based in Limerick (Eire). Its owners are managing a friendly liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy , the premises and workforce (about 15 people) not being included in the HBS TECHNOLOGIE acquisition. This acquisition was negotiated with the assistance of Frenger UK for an amount which will not have any significant impact on the company's debts, since it involves the purchase of assets only. These will be transferred to the Welsh site of Sofanou UK, an HBS TECHNOLOGIE subsidiary, at the end of January 2001. The HBS TECHNOLOGIE Group will thereby increase this subsidiary's competitiveness, so that it can capture the market provided by Japanese manufacturers installed in the region, confirming Irish and British consolidation of the commercial relations established with these manufacturers by HBS TECHNOLOGIE's branch in Tokyo. The HBS TECHNOLOGIE Group designs and produces systems for the protection and fastening of electrical and electronic wiring harnesses, destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for all mobile equipment. HBS TECHNOLOGIE Second Marche de la Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris SICOVAM SICOVAM Société Interprofessionelle pour la Compensation des Valeurs Mobilières Code: 5413
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