EANS-News: Semperit AG Holding Semperit Acquires German Profile Producer Leeser
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Mergers - Acquisitions - Takeovers
* Segment Semperform strengthens market position in a step towards further
expansion
Semperit AG Holding ("Semperit") has acquired Leeser GmbH & Co. KG ("Leeser"), a
German manufacturer of high quality rubber seals. In this way Semperit is
strengthening the Segment Semperform as a complete provider on the profiles
market, and has thus taken a further step in its expansion on the growth market
for building profiles. The purchase agreement was signed on 19th of March, 2015.
The acquisition is subject to approval by anti-trust
authorities. The closing of the transaction is expected in the second quarter of
2015. The two parties agreed to maintain confidentiality about the acquisition
price.
Leeser operates two production plants located near Düsseldorf, Germany. In 2014
Leeser generated revenue of approx. EUR 37 million in
Europe, employing a workforce of about 200 people. The sales focus of the
company established in 1968 is mainly on the markets in Western Europe and the
region of Germany, Austria and Switzerland.
Perfect complement to Semperform's sealing business
"Leeser is an excellently positioned company. It perfectly complements our
existing Semperform business thanks to its high quality product portfolio and
innovative solutions", says Thomas Fahnemann, Chief Executive Officer of
Semperit AG Holding. "The acquisition comprises a further important step in the
implementation of our growth strategy. With Leeser we can more effectively serve
new customers and markets and strengthen our technological base. Another core
aspect of the transaction is Leeser's employees. Thanks to this transaction, we
can secure the continuing viability of Leeser and the jobs of its employees on a
long-term basis within the Semperit Group. Together we will grow further and
offer added value to our customers and shareholders", he adds.
About Semperit
The publicly listed company Semperit AG Holding is an internationally-oriented
group that develops, produces, and sells in more than 100 countries highly
specialised rubber and plastic products for the medical and industrial sectors:
examination and surgical gloves, hydraulic and industrial hoses, conveyor belts,
escalator handrails, construction profiles, cable car rings, and products for
railway superstructures. The headquarters of this long-standing Austrian
company, which was founded in 1824, are located in Vienna, and the global R & D
centre is in Wimpassing, Lower Austria. The Semperit Group employs about 11,600
people worldwide, including close to 9,000 in Asia and more than 800 in Austria
(Vienna and production site in Wimpassing, Lower Austria). The Group has 22
manufacturing facilities worldwide and numerous sales offices in Europe, Asia,
and America. In 2013 the group generated sales of EUR 906 million and an EBITDA
of EUR 133 million.
About Semperform
The Segment Semperform of the Semperit Group is a leading European manufacturer
of moulded and extrusion products made of rubber and plastic. The extensive
product portfolio ranges from escalator handrails, elastomer and seal profiles
for windows and doors, anti-vibration membranes for skis and snowboards to
sleeper beds for railway tracks and cable car rings. These customised products
are manufactured at production sites in Austria, Germany, Hungary and China. In
2013 the Segment Semperform generated revenue of EUR 131 million (about 14% of
total Group revenue) and an EBITDA of EUR 25 million. With 40% of the segment
revenue the business unit construction profiles is the largest within
Semperform.
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.comwww.semperitgroup.com
Stefan Marin
Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com
end of announcement euro adhoc
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company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English