Mutares SE & Co. KGaA

M&A Activity • Sep 1, 2008

News Details

Corporate | 1 September 2008 13:53

mutares AG buys Ledertech GmbH

Mutares AG / Acquisition

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Munich, September 1, 2008: The listed Munich based mutares AG buys
Ledertech GmbH, located in Bopfingen, Germany. Ledertech produces and sells
leatherboard material, which is used for the production of various products
in the leather industry. Furthermore there are various applications for
leatherboard in the automotive industry, the packaging material sector and
in the building equipment area.
Exporting more than 90% of its sales Ledertech is one of the leading global
suppliers of leatherboard. The focus of Ledertech lies on high quality
material that provides its customers with significant cost savings in the
production process.
For many decades Ledertech has been family owned. After the sale of the
adhesives-plant Bopfingen to Henkel AG & Co KGaA in 1995 and the following
corporate integration Peter Detzner (76) maintained the responsibility for
the Ledertech activities. With mutares as the new shareholder the
development of the company enters into a new phase.
mutares sees clear upside potential for Ledertech in further strengthening
its sales activities and in the development of new applications for
leatherboard.

mutares AG, Munich (www.mutares.de), acquires midsized companies, that are
being sold in the course of a repositioning process at their owners and
that show a clear operational improvement potential. Getting engaged with
its own teams, mutares actively supports its portfolio companies to achieve
a clear value increase. The focus of the operational work is to ensure
sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the
Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).

Contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 (0)89 9292776-0
Fax +49 (0)89 9292776-22
info@mutares.de

01.09.2008 Financial News transmitted by DGAP