07.06.2016
INDUS Holding AG DE0006200108
DGAP-News: INDUS acquires global niche market leader
DGAP-News: INDUS Holding AG / Key word(s): Takeover
INDUS acquires global niche market leader
07.06.2016 / 18:06
The issuer is solely responsible for the content of this announcement.
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INDUS acquires global niche market leader
- HEITZ Group from Melle eleventh company in the Construction/
Infrastructure segment
- International specialist for high-quality genuine wood edge veneer with
sales revenues of approximately EUR 30 million
Bergisch Gladbach, 7 June 2016 - As already announced for the current year,
INDUS has strengthened its portfolio by acquiring another company in the
construction sector. The purchase agreement for H. HEITZ Furnierkantenwerk
GmbH & Co. KG headquartered in Melle was signed today. The transaction is
subject to approval by the Federal Cartel Office.
The HEITZ Group produces edge and wrapping veneer made of genuine wood for
the furniture and construction industries. The company claims to be one of
the world's largest manufacturers in this segment. The company manufactures
its products at its headquarters in Melle as well as at its plant in
Pusztaszabolcs, Hungary (50 km south of Budapest), and also has a
subsidiary in Heath, Ohio, USA. As the edge veneer market is an
international market, HEITZ currently has an export share of about 70%. In
the past fiscal year 2015/16 (ended 31 March 2016), the Group's some 300
employees generated sales revenues of approximately EUR 30 million.
The broad customer base includes primarily manufacturers of furniture,
trade and retail customers as well as enterprises from the wrapping, doors
and windows industries. In past years, HEITZ benefitted significantly from
two trends: the increasing streamlining of production processes in the
furniture industry by outsourcing part of the value chain and customers'
growing demand for high-quality furniture also in the lower price segment.
Today, HEITZ thus supplies, for example, edge veneer for one of the best-
selling pieces of furniture around the world: IKEA's "BILLY" bookcase.
"In the HEITZ Group, we have acquired a highly profitable international
market leader in a niche market that was looking for a long-term investor
to place the company into new hands," says Jürgen Abromeit, CEO of INDUS.
"This is sort of a prototype of a classical INDUS deal. At the same time,
it has strengthened our portfolio in one of our traditional segments. In
view of the booming construction industry in Germany and the continued
international trend towards high-quality furniture, HEITZ is not only an
attractive investment for us, but also a good opportunity to grow further."
The two current managing main shareholders, Guido and Ralf Heitz, have sold
the company to INDUS in the context of a succession plan, but will remain
in place as managing directors. "We have deliberately chosen INDUS because
of its excellent reputation in the company succession market and because we
can rely on its promises in the long term. INDUS will make additional
investments and ensure the further development of the company. This
illustrates our strong belief in a successful future of HEITZ, especially
for our employees," Guido Heitz explains the rationale behind their
decision.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
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07.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: [email protected]
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart
End of News DGAP News Service
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469837 07.06.2016
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