EANS-Adhoc: Balda AG Balda extends its presence in the USA through acquisition
of HK Plastics Engineering, Inc.
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers/Company Information
29.12.2012
Bad Oeynhausen, December 29, 2012 - Balda, a producer of high-quality plastic
products for the medical and electronics industries, has agreed the purchase of
100 percent of the shares of HK Plastics Engineering, Inc., Oceanside,
California, effective as of December 31, 2012. Through this acquisition, the
group extends its presence in the strategically-important US market and
particularly strengthens the medical segment. The purchase price amounts to a
higher single-digit range (EUR million). It will fully be financed with the
existing liquidity of the Balda Group. The sellers are the families of the
founders.
HK Plastics Engineering, Inc. is a full-service supplier of injection-molded
plastics and the associated molds. The company, which was founded in 1974,
operates a production facility at its headquarters in Oceanside and employs
around 80 people. HK Plastics Engineering, Inc. expects revenues of around USD
15 million (approx. EUR 11.5 million) and positive operating earnings (EBITDA)
for calendar year 2012. More than 80 percent of its revenues come from medical
customers, especially in the area of medical diagnostics.
Further inquiry note:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - 54 04 - 91 92 0
Fax: +49 - 54 04 - 91 92 29
Mail:{office@elsner-kommunikation.de}[HYPERLINK:
mailto:office@elsner-kommunikation.de]
end of announcement euro adhoc
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issuer: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
mail: info@balda.de
WWW: http://www.balda.de
sector: Semiconductors & active components
ISIN: DE0005215107
indexes: CDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English