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Issued on behalf of Flowtech Fluidpower PLC |
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Flowtech Fluidpower plc
(Flowtech or Group)
Flowtech announces Master Trading Agreement with Eaton Corporation
London, 8 September 2015: Flowtech Fluidpower plc (Symbol: AIM: FLO) is pleased to announce the signing of a master trading agreement with the Hydraulics Group of the Eaton Corporation for the distribution of PMC products and the sole distribution of Eaton Winner hose, hose fitting and adaptors.
The Flowtech Group companies have had a long association with Eaton which dates back over 25 years. During this period Primary Fluid Power became Eaton's leading PMC (Power Motion Control) distributor and provider of total systems capability for branded Eaton Vickers Power Units in the UK.
Sean Fennon, CEO Flowtech commented:
"This master trading agreement demonstrates our strong partnership with Eaton and their confidence in our overall ability to deliver a high quality service and product to the market place, built on our reputation of delivering excellence based around our knowledgeable staff, certified technicians, efficient operational facilities and modern hose assembly equipment delivering the highest level of quality workmanship to key equipment manufacturers throughout the UK."
The Group sits in a unique position in the market place, and the partnership with Eaton represents another major step in Flowtech's development. This agreement will also allow our customers access to both commodity product supported by strong technical support and a competitive and qualified Eaton Winner branded hose assembly.
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Enquiries: |
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Flowtech Fluidpower plc AIM: FLO Sean Fennon, Chief Executive Officer Bryce Brooks, Chief Financial Officer Tel: 44 (0) 1695 52796 |
Zeus Capital Limited (Nominated Adviser and Broker) Ross Andrews, Andrew Jones,Dominic King Tel: 44 (0) 207 533 7727 |
TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: 44 (0) 7785 703523 Email: fiona@tooleystreet.com |
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Editors' notes: |
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Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK's leading specialist supplier of technical fluid power products with modern distribution facilities in the UK and Benelux. It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,600 distributors and resellers. Its catalogue is recognised as the definitive source for fluid power products, containing approximately 52,000 individual product lines and is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO). Over 80% of product is stocked and ordered by 10pm, can be delivered next day in the UK, providing 'best in industry' service offering. The Group's headquarters is located in the UK where its main distribution centre is based in Skelmersdale, Lancashire, with further operational centres in Netherlands and China. The Power Motion Control Division (PMC) has operations in Merseyside; Northern Ireland and the Republic of Ireland. In total, the Group employs 270 people. For more information please visit: www.flowtechfluidpower.com , or email: info@flowtechfluidpower.com |
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Eaton Corporation is a power management company with 2014 sales of $22.5 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has more than 100,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com |
This information is provided by RNS