DGAP-News: mutares AG / Key word(s): Mergers & Acquisitions/Expansion
mutares portfolio: Artmadis acquires JD Diffusion and Excédence
01.07.2016 / 09:40
The issuer is solely responsible for the content of this announcement.
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Artmadis, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), is the
leading distributor for tableware and kitchenware in France. After the
successful takeover of the Belgian distributor Verbeelen, Artmadis has made
two further add-on acquisitions leading the company to a post-merger sales
level of more than EUR 100m.
Artmadis is the leading French wholesaling company of glassware, tableware
and kitchenware. It supplies all major French retail chains as well as
furniture stores and e-commerce retailers. mutares acquired the company in
2012 and successfully repositioned it by implementing a comprehensive
service offering in category management.
Artmadis pursues a clear strategy of leveraging its know-how and
capabilities in sourcing and logistics by getting access to new markets and
business segments. Through the acquisition of Verbeelen, Artmadis extended
its footprint to the Belgian market and gained access to the attractive
HORECA (hotels restaurants cafés) segment.
JD Diffusion, the second add-on acquisition in the last six months, is a
French distributor of tableware and kitchenware to a large network of
independent retail stores. JD Diffusion complements Artmadis' sales
channels by adding small retail stores to its customer base. It also allows
Artmadis to enlarge its product range to new categories, such as "gift"
items and decorative products.
Excédence, an acquisition from German Otto Group that has just been closed,
is a French specialist in destocking with an online and offline sales
channel. Artmadis can use this expertise to sell its slow moving items thus
keeping its stock level low. Following its strategic focus, Artmadis'
management is confident to develop the company's sales well above EUR 100m.
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, that are being
sold in the course of a repositioning process at their owners and that show
a clear operational improvement potential. Getting engaged with its own
teams, mutares actively supports its portfolio companies to achieve a clear
value increase. The focus of the operational work is to ensure sustainable,
long-term growth. The shares of mutares AG are traded in the Open Market of
the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN:
DE000A0SMSH2).
For further information, please contact:
mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de
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01.07.2016 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.
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: mutares AG
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A0SMSH2
WKN: A0SMSH
Listed: Regulated Unofficial Market in Berlin, Stuttgart,
Tradegate Exchange; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News Service
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476567 01.07.2016
DGAP-News: mutares portfolio: Artmadis acquires JD Diffusion and Excédence
| Source: EQS Group AG