Hammond Manufacturing Company Limited

Hammond Manufacturing Company Limited

December 17, 2007 14:46 ET

Hammond Manufacturing Company Limited, Guelph, Ontario, Announces the Sale of Its Interest in Moloney Electric Inc.

GUELPH, ONTARIO--(Marketwire - Dec. 17, 2007) - Hammond Manufacturing Company Limited (TSX:HMM.A)("HMCL") today announced that it has signed a definitive agreement with Universal Power Transformer Private Limited to sell its interest in Moloney Electric Inc. for approximately $7 million.

Moloney manufactures oil-filled distribution transformers. The transaction is expected to close in early 2008.

About Hammond Manufacturing Company Limited

Hammond Manufacturing Company Limited (TSX:HMM.A) manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.

This press release contains forward-looking statements. These statements are based on HMCL management's assumptions and beliefs in light of the information currently available to them. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such statements. When relying on forward-looking statements to make decisions, HMCL cautions readers not to place undue reliance on these statements, as a number of important factors could cause actual results to differ materially from any intentions expressed in such forward-looking statements. HMCL does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of HMCL.

Contact Information

  • Hammond Manufacturing Company Limited
    Robert F. Hammond
    Chairman and CEO
    (519) 822-2960
    (519) 822-7289 (FAX)
    Email: ir@hammfg.com