DRS provides the virtual data room for the sale of the Masterflex subsidiary SURPRO

Masterflex AG is parting from its deficit-ridden subsidiary SURPRO in strict adherence to its corporate strategy

Zug, August 16th, 2010 - The high-tech hose manufacturer Masterflex has concluded a contract for the sale of its subsidiary SURPRO to a group of private investors. The contract was concluded with the usual reservations for similar transactions and the transfer of the business shares is planned for the end of this business year.

SURPRO GmbH develops, manufactures and refines high-quality writing utensils, accessories and technical parts for the luxury goods industry. It has belonged to the Masterflex Group since 2005 and suffered substantial losses in recent years, which significantly burdened the performance of the parent company. Furthermore, no synergies could be found with the core business of Masterflex AG. Therefore, in its effort to refocus on its core business, Masterflex chose to sell the unit.

Masterflex was exclusively advised by Helbling Corporation Finance while DRS provided the virtual data room for the due diligence phase.

DRS's virtual data room facilitates the rapid and secure exchange of all relevant transaction data. The most sophisticated viewing and security technologies found in the market promote rapid and thorough due diligence regardless of the number of documents needing review.