M&A Activity • Jul 28, 2015
M&A Activity
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Corporate | 28 July 2015 15:22
AURELIUS to successfully complete the acquisition of the EMEA Crafts business of market leader Coats Group plc
AURELIUS AG / Key word(s): Acquisition
2015-07-28 / 15:22
AURELIUS to successfully complete the acquisition of the EMEA Crafts business of market leader Coats Group plc
Munich, July 28, 2015 – The AURELIUS Group (ISIN DE000A0JK2A8) announces that the acquisition of the EMEA Crafts business of UK headquartered Coats Group plc, the world’s leading industrial thread and consumer textile crafts business, announced in the first quarter of 2015 will complete on 31 July 2015.
The Coats EMEA Crafts business is the leading supplier of textile craft products in Europe, with a history going back 250 years. The acquisition covers the headquarters in Germany and the warehouse and production facility in Hungary. With about 900 employees, the business generated revenues of USD 125 million in 18 European countries in 2014.
AURELIUS is experienced in conducting complex carve-out transactions and specializes in the acquisition of companies with operational improvement potential. AURELIUS’ experts will devote their full attention to the EMEA Crafts business and support the current management team in setting up the business as a flexible, independent entity. Besides implementing operational improvement measures, AURELIUS will focus on the long-term strategic direction of the Crafts business.
“We are delighted to be successfully completing this transaction. The pan-European positioning of Coats makes a very good fit with our business model. The AURELIUS team will now devote its full attention to the operational reorganization of the acquired unit, so that it is optimally configured for the future,” said Dr. Dirk Markus, Chairman of the Executive Board of AURELIUS AG. “In view of our well-filled transaction pipeline, we are very optimistic about our prospects for the remainder of the year. 2015 will be yet another successful year for the AURELIUS Group.”
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices in Munich, London, Stockholm and Madrid, AURELIUS acquires participations with development potential. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation in order for them to fully develop their potential.
Currently, the AURELIUS Group consists of 21 subsidiaries with locations in Europe, Asia, and the U.S.A. These include numerous traditional consumer brands, services businesses and a number of industrial enterprises. Companies are acquired based on strict investment criteria without focusing on any particular industry. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 – 0
Fax +49 (89) 544799 – 55
2015-07-28 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
381641 2015-07-28
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