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MBB SE — M&A Activity 2007
Aug 27, 2007
279_rns_2007-08-27_5043a02c-2678-4653-a395-0f8c9818d497.html
M&A Activity
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Corporate | 27 August 2007 08:45
MBB Industries AG Acquires the Reimelt Henschel Group
MBB Industries AG / Acquisition/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.
MBB Industries Acquires the Reimelt Henschel Group
Revenue growth surpasses € 80 million
Berlin, Germany, 27 August 2007 – MBB Industries AG (German securities
identification number [WKN] A0ETBQ), an investment company that focuses on
mid-size industrial companies, today announced the acquisition of the
Reimelt Henschel Group, which is headquartered in Rödermark, Germany. The
Reimelt Henschel Group was sold by KERO. The parties agreed not to disclose
the sale price.
The 13 individual companies that make up the Reimelt Henschel Group produce
components and systems for handling and processing powdered and liquid raw
materials for the food and chemical industries. Reimelt, which was founded
in 1810, is a highly profitable group with 569 employees and consolidated
revenue of more than € 80 million. It maintains its own sales and service
companies in the United States, Brazil, Canada, Great Britain, and France,
as well as in Korea, Hong Kong, and China. The company's process technology
makes it the world market leader in the food industry.
This purchase of yet another mid-size niche market leader is a continuation
of MBB Industries' successful acquisition strategy. MBB's Management Board
believes that Reimelt Henschel's international orientation and the rising
demand for mechanical engineering provide an excellent basis for enhancing
the value of MBB's new acquisition in the long term. Consolidation of the
Reimelt Henschel Group as of 23 August 2007 will lift MBB Industries'
anticipated revenue for 2007 to more than € 100 million. With 1,841
employees, the MBB Group now posts revenue of more than € 160 million
annually. Solid liquidity will allow MBB Industries to make further
acquisitions even after its takeover of the Reimelt Henschel Group.
The investment bank, equinet AG, advised the seller in connection with this
transaction.
About MBB Industries AG
MBB Industries AG has been acquiring interests in mid-size industrial firms
with sustainable, added-value potential since 1995. Our business model is
based on a three-pronged approach that entails acquiring interests at
favorable terms, managing these interests in ways that enhance their value,
and selling them at high rates of return. MBB Industries AG has been highly
profitable right from the start, and we will continue to aim for
exceptional yields in the future. The Group, which has approximately 1,340
employees, posted consolidated revenue of € 62.9 million for 2006. The
shares of MBB Industries AG are traded in the Entry Standard segment of the
Frankfurt/Main Stock Exchange.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeißelstrasse 19
60318 Frankfurt / Main, Germany
Tel.: +49 (0)69 9055 0551
Deichstrasse: [email protected]
Disclaimer
This press release and the information contained therein do not constitute
an offer for sale or an invitation to purchase shares of MBB Industries A
G, neither in or outside of Germany, nor, in particular, in the United
States, Canada, Japan, or Great Britain and Northern Ireland. This press
release serves solely to provide information.
The information contained in this press release is intended exclusively for
individuals and companies domiciled in Germany.
Any decision to invest in shares in MBB Industries must be made solely
pursuant to a securities prospectus. Under no circumstances whatsoever will
shares in MBB Industries AG be offered for public sale outside of Germany,
especially not in the United States, Canada, Japan, or Great Britain and
Northern Ireland.
27.08.2007 Financial News transmitted by DGAP
Language: English
Issuer: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Deutschland
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices:
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service