[http://www.osborn.de]

Lippert-Unipol (P) and OSBORN International - Escovas Industriais, S.A. joined forces

<< Press releases


Brito, 10/15/2008

Lippert-Unipol (P) and OSBORN International - Escovas Industriais, S.A. joined forces

Starting on September 18, 2008 this society is to be called OSBORN - UNIPOL, Lda.,

The Osborn International - Escovas Industriais, S.A. office in Canelas (Vila Nova de Gaia) was relocated at the end of September 2008 and from October 1st 2008 all activities will be dealt with from our facility at Brito - Guimarães. To ensure that our ongoing commitment to excellent customer service is maintained, field Sales contacts will remain unchanged.

Background

a) During the year 2007, Lippert-Unipol (P) Tratamento de Superfícies Lda acquired OSBORN International - Escovas Industriais, S.A. being on the 12th of December the same year, officialised the merger by the incorporation of OSBORN International - Escovas Industriais, S.A. in Lippert-Unipol (P) Tratamento de Superfícies Lda. This merger led to the transference of the whole assets of Osborn to Lippert Unipol in accordance with the terms of the article 116º of CSC.

With the enrolment of the merge into the Portuguese Commercial Register the incorporated society (OSBORN International - Escovas Industriais, S.A.) was extinguished, having all the universal rights and duties being transmitted to the incorporate society (Lippert-Unipol (P) - Tratamento de Superficies Lda).

b) September 18th, 2008 the General Assembly of Lippert-Unipol (P) Tratamento de Superfícies Lda decided to change the official designation of the society into Osborn-Unipol Lda., thus providing a common identity to both merged companies which share the same facilities as of now

Goals

Osborn International (OI) is a leading manufacturing, sales and service organization specializing in high quality technical brushes for numerous applications including deburring, metal finishing, weld cleaning, honing and polishing. It is represented in 12 locations worldwide that OI manufacture brushes and abrasives for professional use in the industrial, trade and private sectors. There are more than 550 employees throughout Europe servicing customers in Retail and Technology markets alike.

Lippert-Unipol (LU) is a European market leader in the field of surface finishing. With over 200 employees throughout Europe, LU offers grinding and polishing solutions with an extensive range of specialised Polishing Compounds (UNIPOL, LANGSOL & CANNING), Buffs, Mops, Lipprox® and Lipprite® Non-Woven Rollers, Lippryll® Coated Abrasive Tools and Brushes.

We have determined several key areas where our customers will realize the benefits of this exciting partnership. With customers having access to an even more extensive knowledge base, greater technical expertise and an enhanced product offering, we strongly believe our customers can only benefit from this initiative.

The complete range of existing products from both businesses will remain in place and will continue to be available. These are exciting times for our business and sister companies alike and we are confident that by joining forces we will be able to offer our customers an even better service and product offering.

Manuel Pinho General Manager Osborn-Unipol, Lda.