MBB SE — M&A Activity 2009

Dec 15, 2009

News Details

Ad-hoc | 15 December 2009 20:51

MBB Industries AG: MBB Industries AG acquires ContiTech Formpolster GmbH

MBB Industries AG / Acquisition/Miscellaneous

15.12.2009

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Berlin, December 15, 2009 - MBB Industries AG (ISIN DE000A0ETBQ4), a
holding company specialising in medium-sized industrial companies with
sustainable value growth potential acquired 100% of the shares in ContiTech
Formpolster GmbH based in Loehne, North Rhine-Westphalia, with effect from
January 1, 2010.

The seller is a subsidiary of Continental AG. MBB Industries AG will
purchase the shares via its holding OBO Modulan GmbH as parts of its buy &
build strategy. A policy of secrecy is to be maintained with respect to the
purchase price. The acquired business will operate under the name of CT
Formpolster GmbH, as an independent company within the OBO group, where it
will reinforce the industrial production segment.

CT Formpolster GmbH produces polyether foams with a variety of technical
attributes. Its customers are based in various segments, including the
mattress industry, upholstered furniture producers, caravan makers and
vehicle manufacturers. A certain proportion of the production is sold in
block form. The foams produced conform with the Oeko-Tex 100 standard,
recognised throughout the world. The product range also includes foam
articles manufactured from renewable raw materials. CT Formpolster GmbH
employs 94 people and generates a profitable turnover of some EUR20m.

The OBO group sees considerable synergetic potential in its cooperation
with CT Formpolster GmbH, not only in terms of raw material purchasing but
also with respect to its development activities, since both manufacturing
operations use similar production procedures and raw materials.

By purchasing a further medium-sized niche market leader, MBB Industries AG
can be seen to be continuing its successful acquisition strategy. In terms
of its products and service range, CT Formpolster GmbH faces direct
competition only from regional suppliers. In the opinion of the MBB
managing board, it is this, combined with the company's high level of
manufacturing competence and the aforementioned synergetic potential, which
will create sustained value growth within the OBO group as a whole. Thanks
to its high level of available cash resources, MBB remains in a strong
position for effecting further acquisitions, even following the takeover of
CT Formpolster GmbH.

About MBB Industries AG:

Since 1995, MBB Industries AG has maintained successful holdings in the
form of medium-sized industrial companies with sustainable value growth
potential. The business model is based on a three-pillar structure,
comprising the acquisition of interests at favourable terms, subjecting
them to value enhancing holding management, and releasing them in
high-yield sales. Right from the start, MBB Industries AG has achieved
above-average profitability, and continues to devote its efforts to
attaining unusually high yields in the future.

For further information about MBB Industries, please visit
http://www.mbbindustries.com

Contact:
edicto GmbH
Dr. Soenke Knop
Zeisselstrasse 19
60318 Frankfurt
Tel. 069-90550551
E-mail: mbb@edicto.de

15.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 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: anfrage@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

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