Surteco Group SE

M&A Activity • Jan 21, 2002

News Details

Ad-hoc | 21 January 2002 07:57

SURTECO AG english

SURTECO AG ACQUIRES 100 PERCENT HOLDING IN DÖLLKEN Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Sales up by 32 percent to EUR 255 million in 2001 – expansion through internal and external growth Buttenwiesen-Pfaffenhofen – SURTECO AG has now completed the integration of W. Döllken & Co. GmbH, Gladbeck. SURTECO AG (German securities code: WKN 517690) is the leading global manufacturer of decorative surface foils and edging strips based on specialist papers for technical applications and plastics. As planned, SURTECO AG now owns all the shares in W. Döllken, following the purchase of the outstanding 24.84 % stake. SURTECO AG embarked on the takeover of the Döllken Group in August 2001 and this move has significantly expanded its product portfolio. The company’s core business is paper-based edging strips and surface foils manufactured by former BAUSCH + LINNEMANN AG – renamed SURTECO AG. This business has now been augmented by high-quality plastic products for use in the furnishing industry and in interior design. The international operations of the Döllken Group have achieved an outstanding reputation for sophisticated technical profiles that are used in a wide variety of industrial applications. The company processes these specialist technical profiles to form, e.g. conductor rails, lighting covers, and damping and sealing edgebands. Including the Döllken Group, consolidated since August 2001, the preliminary figure for sales achieved by the SURTECO Group in 2001 is EUR 255 million (2000: EUR 193.4 million). The Board of Management anticipates sales revenues amounting to around EUR 380 million for the current year (31/12). The stated goal of SURTECO AG is further expansion of established market positions, through stronger internal and external growth. Top priorities will be expansion of activities in plastics and increasing global presence, particularly in South America, Asia and Eastern Europe. The existing export share of 62 % is a clear indicator of the strong export orientation at SURTECO AG. end of ad-hoc-announcement (c)DGAP 21.01.2002 ——————————————————————————– WKN: 517 690; ISIN: DE0005176903; Index: Listed: Amtlicher Handel in Frankfurt (SMAX), München; Freiverkehr in Berlin, Bremen, Hamburg, Stuttgart 210757 Jän 02