Source: EQS Group AG
DGAP-News: SURTECO SE: Purchase of Süddekor companies closed
DGAP-News: SURTECO SE / Key word(s): Acquisition
SURTECO SE: Purchase of Süddekor companies closed
02.12.2013 / 16:39
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Press Release
SURTECO SE: Purchase of Süddekor companies closed
- Approval by the German Antitrust Office without any restriction
- Increase in market presence
- Focus on sustainably profitable growth
Buttenwiesen-Pfaffenhofen, 2 December 2013 - SURTECO SE, one of the world's
leading suppliers of decorative surface materials, has successfully closed
the takeover of all the shares in the Süddekor companies. This step was
carried out after the German Antitrust Office approved the transaction
without any restrictions on 25 November 2013. The Süddekor companies will
therefore be included in the consolidated financial statements of SURTECO
SE from December 2013. The takeover was financed by gross issue proceeds
amounting to some 80 million euros accrued from a capital increase and
available liquid assets of the company.
This transaction enables the SURTECO Group to increase its market presence
in the area of paper-based surface products, particularly in decorative
printing and finish foils. The company also opens up new markets by
augmenting its range with the products melamine impregnated materials and
release papers for the wood-based industry. Süddekor also contributes its
in-house cylinder-engraving facility and printing-ink production to the
Group.
SURTECO believes that the acquisition of Süddekor provides excellent
potential for long-term and profitable growth.
You can find the report for the first nine months of 2013 and other
information about SURTECO SE on the Internet by going to www.surteco.com.
Profile of SURTECO
SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international
specialist for surface technologies. The product portfolio includes papers
printed with decorative designs, decorative flat foils and edgebandings
based on specialist papers for technical applications and plastics. The
extensive product portfolio is completed by skirtings made of plastic,
do-it-yourself ranges and shutter and cladding systems.
The Group currently has a workforce of appr. 2,000 and manufactures at 15
sites on four continents, currently generating approximately 32 % of sales
in Germany, 43 % in European countries outside Germany and the remainder in
America, Asia and Australia. Customers of SURTECO generally come from the
furnishing industry and the construction sector.
The shares of the company are listed on the official market (Prime
Standard) of the Frankfurt and Munich Stock Exchanges under the ticker
symbol SUR and ISIN DE0005176903. They are also traded on the stock markets
in Berlin/Bremen, Düsseldorf and Stuttgart.
Cautionary note regarding forward-looking statements
This press release contains statements of future forecasts or expectations
and other forward-looking statements and involves known and unknown risks
and uncertainties. There is therefore no guarantee for the statements and
expectations expressed herein. The actual results and developments may
differ substantially. The company does not intend to - and assumes no
obligation - to update any forward looking statements contained herein or
to adapt such information to future results or developments.
Contact:
<pre>
SURTECO SE
Andreas Riedl Martin Miller
Chief Financial Officer Investor Relations and Press Office
+ 49 (0) 8274/99 88-563 + 49 (0) 8274/99 88-508
Internet www.surteco.com
Email ir@SURTECO.com
Fax + 49 (0) 8274/99 88-515
</pre>
End of Corporate News
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02.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: ir@surteco.com
Internet: www.surteco.com
ISIN: DE0005176903
WKN: 517 690
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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