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Tomkins Completes ACD Tridon Acquisition

28 June 1999

Tomkins Completes ACD Tridon Acquisition

    LONDON--June 28, 1999--Tomkins PLC , the international manufacturing company, is pleased to announce that it has completed the acquisition, announced on April 1, 1999, of ACD Tridon, for Can$152 million.
    The company was a wholly owned subsidiary of Devtek Corporation, a Canadian public company.
    Tridon is a leading manufacturer of fully integrated windshield wiper systems and is also a producer of hose clamps supplying the automotive industry worldwide. The company has 1,650 employees, with operations covering ten facilities located in the US, UK, Canada, Argentina and Italy.
    Tomkins comprises a broad range of low-risk technology manufacturing companies. Tomkins' US interests include The Gates Rubber Company, Denver, CO, the world's leading manufacturer of power transmission belts and a major producer of hose and connector products. Other interests include, Murray, Inc., Brentwood, TN, one of the leading US producers of power lawnmowers, snow blowers and bicycles; Red Wing Corporation, Fredonia, NY, the largest US manufacturer of private label grocery products; and Tomkins Industries, Dayton, OH, a leading manufacturer of components for residential, commercial, and industrial buildings, materials handling and the transportation industry.
    Tomkins shares trade in the US in ADR form (each equal to four ordinary shares) on the New York Stock Exchange under the symbol TKS; its ordinary shares are listed on the London Stock Exchange.