M&A Activity • Aug 1, 2008
M&A Activity
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News Details
Corporate | 1 August 2008 10:54
mutares AG buys Filtral SARL from Uvex-Group
Mutares AG / Acquisition
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Munich, August 1, 2008: The listed Munich based mutares AG buys the French
Filtral SARL from the Uvex-Group. Filtral SARL sells and distributes
sunglasses under the brands Filtral, elite, Enfandises, LIBERTO,
POLAVISION, REVLON, SCARA, UV Sport und x-treme.
Most important customers of Filtral SARL are almost all major French
supermarket chains. Selling about 1,3 Mio. sunglasses annually the company
reaches a market share of ca. 30% in the segment for fashionable and
well-priced sunglasses.
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.
Since June 10, 2008, mutares AG stocks are being listed in the Open Market
segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
Contact:
mutares AG
Susanne Staudt
Investor Relations & Communications
Tel. +49 (0)89 9292776-0
Fax +49 (0)89 9292776-22
[email protected]
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