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CGI Holding Corporation to Acquire the Mahida Group

20 April 2001


CGI Holding Corporation have signed a letter of intent to acquire The Mahida Group of Schaumburg, IL. The Mahida Group is made up of four subsidiaries, all providers of fiberglass reinforced plastic (FRP) to a wide variety of industries; Switzer Products in Richmond, IL (www.switzerproducts.com), is a manufacturer of custom made, premier quality, maintenance free FRP enclosures; Tankinetics in Harrison, AK (www.tankinetics.com) a provider of large diameter, above ground, pre-erected and field erected FRP tanks and piping; Justin Tanks in Georgetown, DE (www.justintanks.com), manufacturer of high quality custom made above ground FRP tanks for industrial applications; and Bremen Technologies in Bremen, IN (www.brementechnologies.com), a manufacturer of FRP and thermoplastic accessories for the automobile industry.






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