Surteco SE

News Detail
SURTECO

Ad-hoc announcements, press releases, directors’ dealings and voting rights notifications – fast, precise and informative. As a shareholder, investor and interested party, you will find all the relevant capital market releases on these pages.

Inside Information (AD-HOC Release): SURTECO SE: Acquisition of the British Nenplas Group

SURTECO SE / Key word(s): Takeover 01.12.2016 20:15 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of insider information pursuant to Article 17 Market Abuse Regulation (MAR) SURTECO SE: Acquisition of the British Nenplas Group Buttenwiesen-Pfaffenhofen, 1 December 2016 - SURTECO SE, one of the world's leading manufacturers of surface materials and a producer of technical extrusions (profiles), has acquired 85 % of the shares in the Nenplas Group headquartered in Ashbourne, UK, and a 100 % shareholding of the associated property company through its subsidiary company Döllken-Weimar GmbH. A purchase contract was concluded today for this acquisition with effect from 1 December 2016. The Nenplas Group has specialised in the production and sale of all types of technical extrusion profile based on plastic. In the business year 2015/2016, with a workforce of some 140 employees the group generated sales of GBP 16.6 million and earnings before financial result, income tax and amortization of goodwill (EBITA) of GBP 3.8 million in accordance with UK GAAP (EBITA margin: 22.9 %). The purchase price for 85 % of the shares amounts to GBP 20.8 million and for the property company it is GBP 2.5 million. SURTECO is holding an option to purchase the remaining 15 % of the shares and the seller is retaining a sale option. The voting and dividend rights of the remaining 15 % are excluded. SURTECO is financing the transaction from existing liquid funds. The Nenplas Group includes the companies Nenplas Ltd, Ashbourne, Polyplas Ltd, Stourport-on-Severn, and Delta Plastics Ltd, Wolverhampton, all based in the UK. The SURTECO Group (2015: sales of EUR 638.4 million; EBIT of EUR 31.1 million; approx. 2,700 employees) intends to strengthen its market presence in the United Kingdom in the area of technical profiles through the takeover of this company, and increase the Group's profitability. Contact: Martin Miller Investor Relations ir@surteco.com +49 (0)8274 9988-508 01.12.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: SURTECO SE Johan-Viktor-Bausch-Str. 2 86647 Buttenwiesen-Pfaffenhofen Germany Phone: +49 (0)8274 99 88-0 Fax: +49 (0)8274 99 88-5 05 E-mail: ir@surteco.com Internet: www.surteco.com ISIN: DE0005176903 WKN: 517 690 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------