Refractory and Industrial Supply Group, Inc., a Subsidiary of Diversified Thermal Solutions, Announces the Acquisition of Freeport Brick Company, Kittanning Brick Company and Free MaDie Company.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. -- Diversified Thermal Solutions announced today completion of the acquisition effective January 31, 2005, of two refractory brick manufacturing facilities and a state of the art machine and die operation located in Pennsylvania. The purchase price was undisclosed and secured through traditional bank financing. Each of the three separate facilities are located a short distance from Pittsburgh, in the towns of Freeport and Kittanning. John Curry of Diversified Thermal Solutions had this to say, "We are excited to complete this strategically important acquisition, which furthers our goal of becoming a service driven provider of quality refractory brick. The refractory manufacturing facilities will provide Refractory and Industrial Supply Group, Inc. (RISG RISG Rhode Island State Government ) with a complete line of clay and high alumina brick used in the aluminum, cement and lime, iron and steel and all other pyro-processing industries. Consisting of over 250,000 square feet, the combination of Freeport and Kittanning Brick Companies will give us one of the largest production capacities in North America. We will initially focus on improving plant efficiencies, quality, and brand awareness as we work to secure private labeling opportunities and expand our distribution network." Free MaDie Company (FMC See fixed mobile convergence. ) is a modern, full service machine and die shop that designs, engineers, manufactures and repairs the dies required for the pressing of refractory shapes. FMC shop capabilities include machining, fabricating, precision grinding, Blanchard grinding, precision engraving, small hole drilling, and heat treating. In addition to producing all mold and die requirements for Freeport and Kittanning Companies, FMC produces and markets a line of ultrasonic testing blocks used to calibrate To adjust or bring into balance. Scanners, CRTs and similar peripherals may require periodic adjustment. Unlike digital devices, the electronic components within these analog devices may change from their original specification. See color calibration and tweak. processes by a number of industries, including electronics and communications. FMC has begun offering subcontract machining services to the growing optoelectronics industry in the immediate area of the facility. Curry further states, "In our opinion, the combination of Freeport, Kittanning, and Free MaDie Companies along with our previous acquisition of RIS RIS rabies inhibiting substance. Precast pre·cast adj. Relating to or being a structural member, especially of concrete, that has been cast into form before being transported to its site of installation. creates a full service capability to compete with all current suppliers of clay and high alumina refractory shapes in the U.S. market." For more information on the company, visit www.diversifiedthermalsolutions.com, www.kittanningbrick.com, www.freeportbrick.com, www.free-madie.com. 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. Statement These statements constitute forward-looking statements (within the meaning 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), which involve significant risk and uncertainties. A variety of factors could cause actual results and experience to differ materially from the anticipated results or other expressed in such forward-looking statements. DVTS DVTS Digital Video Transport System DVTS Dynamic VTH (Threshold Voltage) Scaling DVTS Design Validation Test Site DVTS Discrete-Valued Time Series does not assume any obligation to update these forward-looking statements. Factors that could cause such a difference include, but are not limited to general economic and market conditions, the business opportunities (or lack thereof) that may be present to and pursued by the Company, changes in laws or regulations affecting the Company, and other factors, most of which are beyond the control of the Company. |
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