MG Technologies sells Safic-Alcan

By David Shaw ERJ Editor and Patrick Raleigh ERJ On-line news editor

Frankfurt Germany- MG Technologies has sold its subsidiary Safic Alcan, to Daniel Lebard Management Development, (DLMD), which has financial support from French leveraged buy-out specialists, Alpha Associés. The purchase price was not revealed. The deal is retro-active to 1 Jan, 2003.

According to Martial Lecat, member of the executive board at Safic, “We are happy with this. Safic will remain Safic. We will keep our identity and our character, this is very important. Our…

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