EANS-Adhoc: Balda AG
Balda purchases a plastics company in the US and
strengthens its medical business (with document)
21.12.2012 – 10:24
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers/Company Information 21.12.2012 Ad hoc disclosure in accordance with §15 WpHG (German Securities Trading Act) Balda purchases a plastics company in the US and strengthens its medical business Bad Oeynhausen, December 21, 2012 - Balda, a producer of high-quality plastic products for the medical and electronics industries, has agreed the purchase of a US plastics producer. Effective as of December 31, 2012, 100 percent of the shares in C. Brewer Company, Anaheim, California, will be acquired. The acquisition strengthens Balda's medical business, in line with the buy-and- build strategy laid out for this business segment. The C. Brewer Company specializes in precision injection-molded plastics and the associated molds, in particular for customers from the medical and optical industries and, moreover, from automotive and electronics industries. The company was founded in 1966 and operates at three locations in California (Anaheim, Irvine and Ontario). C. Brewer Co. employs around 500 people and expects revenues of around USD 48 million (approx. EUR 37 million) for calendar year 2012, along with clearly positive operating earnings (EBITDA). Around one- third of its revenues come from medical customers, with roughly 50 percent coming from optics. The purchase price for the acquisition totals around EUR 33 million, including the performance-related earn-out clause of EUR 3.8 million. The purchase will fully be financed with the existing liquidity of the Balda Group. The seller is the family of the founders. The acquisition marks the entry of Balda into the strategically-important US market, where the company will have access to an effective base for production in the future. Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/J28ysAOu http://resources.euroadhoc.com/us/TxMrLWZ7 Further inquiry note: Contact: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Kirchstr.15a 49492 Westerkappeln phone: +49 - 54 04 - 91 92 0 Mail: office@elsner-kommunikation.de end of announcement euro adhoc -------------------------------------------------------------------------------- Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/J28ysAOu http://resources.euroadhoc.com/us/TxMrLWZ7 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