COLUMBIA, Mo. - Semco Inc. shareholders signed an agreement selling the company to Flakt Woods Group, Zurich, Switzerland.

“Being a member of the Flakt Woods Group will strengthen our position in our served markets and beyond,” said William Thurman, president and CEO, Semco. “This is a very positive step. It reinforces our commitment to provide the market with high-quality products, services, and solutions that meet the needs of both our customers and the world.”

Final sale of the business is expected to take place shortly after some work to prepare the transfer of ownership. The price of the transaction was not disclosed.

“Like Flakt Woods, Semco is a great company with a tradition of innovation, new product development, and successful business growth,” said Didier Forget, CEO of Flakt Woods. “We are very pleased to welcome the talents of Semco to join the Flakt Woods Group, and view this as a significant step for us in North America.”

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Publication date:10/15/2007