News Release:
YBM TO ACQUIRE CRUCIBLE MAGNETICS
Trading Symbol: YBM
The Toronto Stock Exchange
NEWTOWN, Pennsylvania/SYRACUSE, New York, April 3 /CNW/ - YBM Magnex International, Inc. ("YBM") and Crucible Materials Corporation ("Crucible") today signed an agreement whereby YBM intends to acquire all of Crucible's magnetic operations, subject to regulatory approval and other required consents.
Crucible's primary business is the production of steels, alloys and components for various applications in a variety of industries. Crucible, established in 1776, operates six divisions throughout the United States and the United Kingdom.
YBM's primary business is serving the rapidly growing global market for high-energy permanent magnets. Also, the Company is developing other products, including lightweight magnesium alloy components and computer security systems. YBM is a public company trading on The Toronto Stock Exchange under the symbol YBM.
For further information: James J. Held, Vice President Business Development and Investor Relations at (215) 579-0400
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This company continues to perform well.
R. Winer |
