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M&A Activity • Aug 25, 2006

News Details

Corporate | 25 August 2006 14:10

ARQUES takes over Wolfsheck paper mill and founds Salto Paper

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— ARQUES takes over Wolfsheck paper mill and founds Salto Paper Eighth acquisition of ARQUES group in 2006 Starnberg, August 25, 2006 – The Starnberg-based equity investment company, ARQUES Industries AG (ISIN DE0005156004), takes over the Wolfsheck paper mill (Black Forest) from the StoraEnso group with effect of September 1, 2006. The Wolfsheck paper mill produces wallpaper base, special papers for the building trade as well as catalogue paper for customers all over the world. The company is the world market leader in wallpaper base. The mill’s two paper manufacturing machines have a combined annual production capacity of approximately 155,000 tons. The paper mill generates revenues to the value of EUR 65 million with approximately 200 employees. ARQUES will continue the paper mill’s production programme under the name ‘Salto Paper’. The location will be maintained in its entirety; dismissals are not planned. The Wolfsheck paper mill was taken for a symbolic purchase price and free of bank liabilities and shareholder’s loans. The ARQUES managers, Holger Kowarsch and Dr. Christoph Barth, will take over the management of the company. About ARQUES ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries’ potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. ARQUES has made a duty of identifying underestimated companies with reduced survivability but with high appreciation potential, at the same time mastering complex company structures and transitional situations. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol ‘AQU’ (ISIN: DE0005156004) and are listed in the SDAX since September 19, 2005. Contact: ARQUES Industries AG Investor Relations & Corporate Communication Anke Lüdemann, CEFA/CIIA Tel.: +49 (0) 8151/ 651 0 Email: luedemann@arques.de (c)DGAP 25.08.2006 ————————————————————————— Language: English Issuer: ARQUES Industries AG Münchner Str. 15a 82319 Starnberg Deutschland Phone: +49 (0)8151 651-0 Fax: +49 (0)8151 651- 500 E-mail: info@arques.de WWW: www.arques.de ISIN: DE0005156004 WKN: 515600 Indices: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart End of News DGAP News-Service —————————————————————————