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LIMERICK, Pa.--May 17, 2004--Teleflex Incorporated (NYSE:TFX) and
NHK Spring Co. Ltd, (NHK) Yokohama, Japan, announced today that NHK
has acquired all of the shares of Teleflex-NHK Automotive Co., Ltd.
a joint venture formed by Teleflex and NHK in January 2002. The company,
which will now be known as Uniflex Co., Ltd., manufactures mechanical
cable controls for the automotive industry and had annual revenues in
2003 of $35 million. The terms of the transaction were not disclosed.
Offering higher performance, NHK Spring's Products are supplied to
automakers around the world. Products such as our high-strength springs
developed through material and design innovations and our bellows for
direct fuel injection engine seals have greatly contributed to environmental-friendly
Vehicles. NHK Spring offers products that are world leaders in quality
and performance. For more information about NHK Spring visit www.nhkspg.co.jp/index_e.html About Teleflex:
Teleflex is a leading supplier of driver controls to automobile manufacturers
in North America and Europe, and has operations in Mexico, South America
and China. Teleflex employs more than 19,000 people worldwide who focus
on providing innovative solutions for customers. Additional information
about Teleflex can be obtained from the company's website at www.teleflex.com.
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