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home / news releases / SYPR - Sypris Solutions unit acquires rapid opening closure product line

SYPR - Sypris Solutions unit acquires rapid opening closure product line

Sypris Solutions Inc.
  • Sypris Solutions ( NASDAQ: SYPR ) said Thursday its unit Sypris Technologies acquired intellectual property rights for rapid opening closure product line from Pipeline Engineering and Supply.
  • Terms were not disclosed.
  • The acquisition provides Sypris Technologies with the exclusive right to use the IP to manufacture and sell ROC products to end users globally.
  • The unit will also have the capability to supply spare parts and provide field service for any installation that contains the ROC product line.
  • The acquisition expands the unit's presence in Europe, Asia and the Middle East.

For further details see:

Sypris Solutions unit acquires rapid opening closure product line
Stock Information
Company Name: Sypris Solutions Inc.
Stock Symbol: SYPR
Market: NASDAQ
Website: sypris.com
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