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Masterflex completes buy of two subsidiaries

By Liz White, UT staffGelsenkirchen, Germany-Gelsenkirchen-based Masterflex AG has acquired complete ownership of two German subsidiaries. The polyurethane hose and medical part maker bought the remaining 49.98 percent of Dicota GmbH of Bietigheim-Bissingen, and the remaining 30 percent of Novoplast Schlauchtechnik GmbH of Halberstadt. In both cases, all parties agreed not to divulge the purchase price. Novoplast, which Masterflex bought 1991, is the oldest subsidiary of the group. As well as making high-tech hose systems, the unit has a medical technology speciality, which has “expanded substantially over recent years,” said a Masterflex statement. The company produces medical hoses and components “on one of Europe’s most advanced micro-extrusion systems,” the firm added.”We see substantial growth potential in Novoplast Schlauchtechnik as well, as the material used, polyurethane, can be used not only in industrial, but also in medical technology applications, where it meets the trend towards materials that are free from plasticisers,” commented Masterflex board member Detlef Herzog. Masterflex bought the outstanding interest in Novoplast from the company’s long-standing managing directors, one of whom is retiring.Dicota, acquired in 2001, is a supplier to the mobile office segment, such as mobile computing equipment. The third unit of Masterflex is devoted to development of fuel cells for items such as personal computers and electric bicycles, for example. Masterflex said it has also recently developed a new electrically conductive, screw-on polyurethane cuff to extend its Combiflex range of cuffs for hose connection. The firm is also now offering all its standard cuffs, flanges and threaded sockets of highly abrasion-resistant PU in natural and white, in addition to black. A further extension to the range is several natural coloured cast-on Combiflex connecting elements, made to meet the demands of the US Food and Drug Administration. “

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