Business
Exco's Castool division to purchase Allper AG
Exco's Castool division to purchase Allper AG
About this update from Exco Technologies Limited
[{"type":"text","content":"\n\n\n\n Oct. 18, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Oct. 18 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced that its Castool division, which designs and\n manufactures tooling systems for die cast machines and extrusion\n presses, has entered into a definitive agreement to purchase all of the\n shares of Allper AG.  Allper is a Swiss corporation which designs and\n markets proprietary consumable die cast tooling.  Castool, as a\n licensee of Allper's technology in North America since 1993, is very\n familiar with Allper's technology and its operation.  Allper's\n proprietary ring and plunger tip technology which has been developed\n and refined over the last 20 years is broadly accepted by the die cast\n industry and is an integral part of Castool's die cast tooling system. \n Paul Robbins, General Manager of Castool says "this acquisition will\n allow Castool to own the technology currently licensed from Allper in\n North America and, with Allper's network of sales agents and\n distributors in Europe and Asia, Castool will be able to expand its\n marketing reach to those markets."  Andre Muller, founder and owner of\n Allper, who will continue on in the employ of Allper after the sale,\n says "I am proud of our association and close collaboration with\n Castool over the past 17 years and look forward to continuing the\n development of new technologies which will advance the competitiveness\n of the glob...