euro adhoc: Binder+Co Aktiengesellschaft
Joint
Ventures/Cooperation/Collaboration
BINDER+CO signs agreement with STATEC
Marked increase in packaging technology business
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.11.2008
BINDER+CO signs agreement with STATEC Marked increase in packaging technology business
Joint venture brings a move up to join the top international players
Gleisdorf, November 3, 2008. Last Friday (October 31, 2008), Binder+Co AG, which is listed in the mid market of the Vienna Stock Exchange, signed contracts that will significantly expand its packaging technology business. The company had already announced on October 16 that the conclusion of this transaction was imminent.
The now established joint venture with Statec, a company also located in Gleisdorf, Austria, will create a specialist packaging technology enterprise of international standing. Binder+Co is to bring in its packaging technology business and in return will receive a 50.7% participation in the new STATEC BINDER GmbH. The remaining 49.3% will be held by the former owner of Statec.
end of announcement euro adhoc
Further inquiry note:
Inquiries
Karl Grabner, member of the Board
Tel.: +43 (0) 3112/800-363
Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade