SLM advises on the sale of the Flextool concrete equipment and accessories business to Alesco Corporation Limited

SLM advised the board and shareholders of Flextool (Aust) Pty Ltd on the sale of the assets and undertaking of the Flextool concrete equipment and accessories business to Alesco Corporation Limited (ASX:ALS), announced today.

Flextool is a leading industrial brand, specialising in concrete vibrators, submersible water and trash pumps, concreting power finishing trowels and compactors. SLM’s role included valuing the business for the shareholders, identifying potential buyers and managing the sale process.

Completion is expected to take place on 31 January 2006.

For further information, please contact SLM Corporate Pty Ltd:

Barry Lewin
Managing Director
Ph: 03 9629 4411
Email: barry.lewin@slmcorporate.com.au