01.12.2016
SURTECO SE DE0005176903
DGAP-Adhoc: SURTECO SE: Acquisition of the British Nenplas Group
SURTECO SE / Key word(s): Takeover
01.12.2016 20:15
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Publication of insider information pursuant to Article 17 Market Abuse
Regulation (MAR)
SURTECO SE: Acquisition of the British Nenplas Group
Buttenwiesen-Pfaffenhofen, 1 December 2016 - SURTECO SE, one of the world's
leading manufacturers of surface materials and a producer of technical
extrusions (profiles), has acquired 85 % of the shares in the Nenplas Group
headquartered in Ashbourne, UK, and a 100 % shareholding of the associated
property company through its subsidiary company Döllken-Weimar GmbH. A
purchase contract was concluded today for this acquisition with effect from
1 December 2016.
The Nenplas Group has specialised in the production and sale of all types
of technical extrusion profile based on plastic. In the business year
2015/2016, with a workforce of some 140 employees the group generated sales
of GBP 16.6 million and earnings before financial result, income tax and
amortization of goodwill (EBITA) of GBP 3.8 million in accordance with UK
GAAP (EBITA margin: 22.9 %).
The purchase price for 85 % of the shares amounts to GBP 20.8 million and
for the property company it is GBP 2.5 million. SURTECO is holding an
option to purchase the remaining 15 % of the shares and the seller is
retaining a sale option. The voting and dividend rights of the remaining 15
% are excluded. SURTECO is financing the transaction from existing liquid
funds.
The Nenplas Group includes the companies Nenplas Ltd, Ashbourne, Polyplas
Ltd, Stourport-on-Severn, and Delta Plastics Ltd, Wolverhampton, all based
in the UK.
The SURTECO Group (2015: sales of EUR 638.4 million; EBIT of EUR 31.1
million; approx. 2,700 employees) intends to strengthen its market presence
in the United Kingdom in the area of technical profiles through the
takeover of this company, and increase the Group's profitability.
Contact:
Martin Miller
Investor Relations
[email protected]
+49 (0)8274 9988-508
01.12.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SURTECO SE
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen-Pfaffenhofen
Germany
Phone: +49 (0)8274 99 88-0
Fax: +49 (0)8274 99 88-5 05
E-mail: [email protected]
Internet: www.surteco.com
ISIN: DE0005176903
WKN: 517 690
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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