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RNS - MBB Industries AG: MBB subsidiary Delignit AG acquires DHK automotive

Company: MBB SE Date: 2013-11-18 Language: English Register to download

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 News Details

Ad-hoc | 18 November 2013 08:44

#   

MBB Industries AG: MBB subsidiary Delignit AG acquires DHK automotive

**MBB Industries AG  / Key word(s): Acquisition/Acquisition**

18.11.2013 08:44

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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MBB Industries AG

MBB subsidiary Delignit AG acquires DHK automotive

Berlin, 18 November 2013. Delignit AG, a subsidiary of MBB Industries AG
(ISIN DE000A0ETBQ4), has acquired all shares in DHK automotive GmbH.
Furthermore, all shares in HTZ Holztrocknung GmbH were taken over. The
companies, both based in Oberlungwitz, Saxony, have lately generated a
profitable annual turnover of approximately 5 million Euros, employing a
total workforce of roughly 40 people. Confidentiality has been agreed
concerning the purchase price.

DHK automotive is one of the leading manufacturers of car interiors such as
luggage compartment covers. It acts as a direct supplier for renowned
German car manufacturers. DHK's current product range also includes body
side and floor panels for light and heavy commercial vehicles along with
sophisticated solutions for exhibition booth construction and packaging.

The process of producing honey comb construction parts based on plant
fibres which has been developed by DHK automotive under the trademark
dunacore(R) ideally complements Delignit's product range. Based on this
technology, light-weight products from renewable sources shall be produced
which at the same time meet the technological requirements of the
car-industry. DHK's concentration on system solutions based on renewable
materials and its certification as a direct supplier for the European car
industry are a perfect match for Delignit's strategic orientation.
Light-weight and sustainability, both criteria play an increasingly
important role in bidding procedures. Combined with Delignit's know how in
the development and application of technological solutions, DHK's new
products should help to exploit new sales potential.

Apart from the technological supplement, the acquisition represents a
significant addition to Delignit's manufacturing capacities. Considering
the start of production of floor panels for a renowned manufacturer of
light commercial vehicles in 2014 and the expected additional turnover
generated by DHK automotive, for the first time in the group's history, the
managing board expects a turnover of more than 40 million Euros in fiscal
year 2014.

About MBB Industries AG:

MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in the value of the individual companies and the Group as a whole
forms the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well.

Further information on MBB Industries AG can be found on the Internet at:

http://www.mbb.com

--

MBB Industries AG
Joachimstaler Str. 34
10719 Berlin

Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com 

Managing Board with power of representation
Dr. Christof Nesemeier

Supervisory Board
Gert-Maria Freimuth (Chairman), Dr. Peter Niggemann, Dr. Matthias
Rumpelhardt

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470


18.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      MBB Industries AG
              Joachimstaler Strasse 34
              10719 Berlin
              Germany
Phone:        +49 (0) 30 844 15 330
Fax:          +49 (0) 30 844 15 333
E-mail:       anfrage@mbbindustries.com
Internet:     www.mbbindustries.com
ISIN:         DE000A0ETBQ4
WKN:          A0ETBQ
Indices:      PXAP
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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