29.04.2014
MBB Industries AG DE000A0ETBQ4
DGAP-Adhoc: MBB Industries AG: MBB subsidiary OBO takes over tooling activities from Huntsman Advanced Materials
MBB Industries AG / Key word(s): Mergers & Acquisitions/Mergers & Acquisitions
29.04.2014 18:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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MBB Industries AG
MBB subsidiary OBO takes over tooling activities from Huntsman Advanced
Materials
Berlin, 29 April 2014. MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, has taken another step in its
growth by way of an acquisition accompanied by a distribution agreement.
MBB's subsidiary OBO-Werke is taking over the European tooling board and
tooling paste materials business from its long-term partner Huntsman
Advanced Materials. Specifically, OBO is acquiring production assets and
licences to produce and market Huntsman Advanced Materials' products used
in model construction, tool making and mould production in Europe, thereby
completing the product range OBO can offer. Furthermore, OBO has been
appointed as Huntsman Advanced Materials' master distributor for the
distribution of its tooling liquids in almost all European markets. Terms
and conditions of these agreements are not disclosed.
OBO is anticipating additional, profitable annual sales of a
mid-single-digit million euros amount as a result of this transaction. The
MBB subsidiary is hereby expanding its market position in the field of
tooling products with the addition of the production and sales of Huntsman
Advanced Materials' established board and paste materials as well as the
distribution of its liquid materials based on polyurethane and epoxy
resins. OBO is therefore becoming a full-range provider for tooling
solutions in traditional and innovative applications in this field. The
basis of this transaction is OBO's focus on this niche market, the
associated service expertise and its high flexibility.
OBO-Werke GmbH & Co. KG has been a wholly owned subsidiary of MBB
Industries AG since 2003 and doubled its revenues to around EUR12 million
since 2009. A further growth surge is anticipated from this transaction,
which will generate a revenue increase of more than 40% on an annualised
basis.
About OBO-Werke:
OBO-Werke emerged from the long-established company Otto Bosse in 1994 and
is now 145 years old. At its headquarters in Stadthagen (Germany), it
produces an extensive range of polyurethane (PU) boards in particular.
These are predominantly used in model construction, toolmaking and mould
production. It also manufactures blanks, laminated or cast blocks and
moulded products tailored to customer requirements. In addition to products
bearing the obomodulan(R) name, it already produces PU boards under licence
for Huntsman Advanced Materials and markets them internationally as
RenShape(R).
About MBB Industries AG:
MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in value of the individual companies and the Group as a whole lies
at the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well.
Further information on MBB Industries AG can be found on the Internet at
http://www.mbb.com
MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Germany
Tel. +49 30 844 15 330
Fax +49 30 844 15 333
[email protected]
www.mbb.com
Managing Board
Dr. Christof Nesemeier
Supervisory Board
Gert-Maria Freimuth (Chairman), Dr. Peter Niggemann, Dr. Matthias
Rumpelhardt
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470
RenShape(R) is a registered trademark of the Huntsman Corporation or its
equity investments in one or more, but not all, countries.
obomodulan(R) is a registered trademark of OBO-Werke GmbH & Co. KG
29.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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