Epiq to sell Fremach Group

Epiq, the Diepenbeek based producer of electronic and electro-mechanical systems and sub-systems, has reached a principle agreement to sell the Fremach Group to Elex and to the previous management of the Fremach Group. Te transaction s part of Epiq’s restructuring program, announced last August. The core business of Epiq is Household and Automotive Electronics. Fremach is mainly focussing on plastic moulding activities for the Automotive and Personnel Communication market. The Fremach Group represents 10% of Epiq’s sales and group assets. The Fremach group realized a loss of €€ 800.000 up to Q3 ’02, and employs 243 people in Belgium, The Netherlands and in Czech Republic.
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BENOEMINGEN
Harold Cobben Harold Cobben
Country Director Benelu... MIO TECHNOLOGY
Martin Rada Martin Rada
Voorzitter & Algemeen D... FIAT GROUP AUTOMOBILES BELGIUM
STIJGERS & DALERS BEL20