M&A Activity • Nov 3, 2011
M&A Activity
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World leader for aluminium anodising - http://investors.unitedanodisers.com ISIN: BE0160342011 - Reuters: ALUAN.PA - Bloomberg: ALUAN:FP PRESS RELEASE
Brussels, November 3rd, 2011 (5:45 pm) – United Anodisers, the world leader for aluminium anodising, is announcing that it has entered into exclusive talks with a view to selling 100% of United Anodisers Holding Limited, the UK-based subsidiary.
Specialised in batch anodising and positioned on the high end of the local architectural market, the activities to be sold off include two industrial sites. In 2010, this subsidiary recorded €4,828,000 in sales, with an operating loss of €367,000.
This sale is subject to the usual suspensive conditions. The parties have made a commitment to keep the operation's financial conditions confidential.
If this operation, which is scheduled to be completed before the end of the year, effectively takes place, it would help further strengthen the Group's financial resources with a view to the creation of a sixth continuous anodising line in Germany. It would pave the way for a strategic realignment on the longstanding continuous anodising business, which has shown its significant potential for growth in emerging markets since 2009.
United Anodisers is the world's largest architectural and industrial anodiser, specialising in the surface treatment of aluminium extrusions, castings and flat-rolled products.
Anodising is an electrochemical process - electrolysis - that develops a natural and protective exterior layer on aluminium that can be coloured, providing exceptional corrosion protection and/or increased functionality for the metal.
Anodising preserves all the natural and ecological properties of aluminium - it retains its high strength-to-weight ratio, non-magnetic properties and exceptional corrosion resistance without any impact on the total and repeated recyclability of the metal.
Anodised aluminium is used across a wide range of architectural, designer, industrial and automotive applications.
Tim Hutton - Chief Executive Officer – [email protected] - Tel: +32 (0)11 88 01 88
Cyril Combe – [email protected] - Tel: +33 (0)1 53 65 68 68
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