Mutares completes acquisition of keeeper Group from Wrede Industrieholding

• Mutares completes acquisition announced in May 2019
• Group of companies with an annual turnover of EUR 65 million
• Attractive product portfolio includes plastic household products sold worldwide
• Company strengthens the Goods & Services segment 

Munich, June 24, 2019 - Mutares (ISIN: DE000A2NB650), an industrial holding company specializing in companies in transition, has successfully completed the acquisition of the keeeper Group, one of Europe's largest suppliers of plastic household products, from Wrede Industrieholding GmbH & Co. KG. This transaction is one of already five acquisitions in the current fiscal year 2019.
 
As a new platform investment of Mutares with subsidiaries in Poland and Belgium the keeeper Group will strengthen the Goods & Services portfolio segment. The keeeper Group is one of the largest European suppliers of innovative and high-quality plastic household products. With over 500 employees at two production sites in Germany and Poland and a sales office in Belgium, the Group serves renowned customers in the DIY, food retailing, wholesale and furniture sectors in around 35 countries worldwide. Group sales for the 2018 financial year amounted to around EUR 65 million, the majority of which was attributable to German and Polish customers.
 
Following the acquisition of the keeeper Group, the experts of the Mutares consulting team will provide operational support to keeeper in realizing the existing value potential and, together with the company, shape the sustainable and profitable growth of the group.
 
 
Company profile of Mutares AG
 
Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares' portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).
 
For more information:
 
Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 9292 7760
Email: [email protected]
www.mutares.de
 
Press Contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 89 1250 90330
Email: [email protected]
www.crossalliance.de