MBB SE — M&A Activity 2009

May 5, 2009

News Details

Corporate | 5 May 2009 08:59

MBB Industries AG: MBB Industries sells its Reimelt Henschel holding to Zeppelin

MBB Industries AG / Disposal/Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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Berlin, May 5, 2009 - MBB Industries AG (ISIN DE000A0ETBQ4), a holding
company specialising in medium-sized industrial companies with sustained
value growth potential, has sold its Reimelt Henschel holding. The
purchaser is Zeppelin Silos & Systems GmbH from Friedrichshafen, a member
of the Zeppelin group of companies. The completion of the takeover is still
dependent on the approval of the cartel office. The sale will create a
significant flow of incoming capital at MBB Industries AG; a policy of
secrecy is being maintained regarding the selling price.

Acquired by MBB Industries AG in August 2007, Reimelt Henschel succeeded in
increasing its revenue and profit considerably in the last fiscal year. The
company is one of the world's leading manufacturers of plants and machinery
for the handling of raw materials in the food and chemicals industries.
Moreover, the purchase by Reimelt Henschel of Guth Engineering in 2008 and
its subsequent integration in the company constituted an expansion of its
field of activity, which now additionally encompasses markets for liquid
foodstuffs, pharmaceuticals and cosmetics. Consequently, the current
product range provides Reimelt Henschel with an ideal strategic complement
to the Zeppelin group's industrial section.

MBB Industries purchased Reimelt Henschel in 2007. The company's annual
revenue at that time was approximately EUR80m. The subsequent strategic
development enjoyed by Reimelt Henschel under the management of MBB
Industries led to both a rise in revenue and increased profit.

Zeppelin is a company with a long tradition. The company name reveals its
origin - it was founded by the airship pioneer, Ferdinand Graf von
Zeppelin. He originally incorporated his company in the Zeppelin
Foundation, which was set up in Friedrichshafen in 1908. The Zeppelin group
remains in the possession of the foundation to this day. The group is
divided into two business areas: the trade and industry divisions. The
Zeppelin trade division markets and services construction equipment,
engines and industrial trucks in Germany, Austria and much of Eastern
Europe, as well as Central Asia. Since 1954, it has been the exclusive
sales and service partner for Caterpillar Inc., the world market leader for
construction machinery and engines, from the USA.

Zeppelin's industrial division, in which Reimelt Henschel GmbH will be
integrated, concentrates on the development and manufacture of plants and
machinery for storing, conveying, blending, dosing and weighing premium
bulk solids, such as powders and granules used in the plastics
manufacturing and processing industry as well as in the rubber industry.
Zeppelin is a leading supplier of logistics systems in the petrochemicals
industry.

This takeover represents a logical step in the company's growth strategy
characterised by expanding its fields of activity. Peter Gerstmann, CEO of
the Zeppelin industrial division commented, 'this takeover will open up new
markets. The acquisition of Reimelt Henschel will afford us the unique
opportunity to pursue solid business growth accompanied by the consistent
strengthening of our market position.'

When questioned concerning the sale, Dr. Christof Nesemeier, CEO of MBB
Industries, commented, 'The excellent market position maintained by Reimelt
Henschel over the past two years has secured us an ideal basis for
effecting a sustained increase in both revenue and profit. Zeppelin
promises strategic prospects in terms of the international expansion of
Reimelt Henschel. The sale will free up both funding and personnel at MBB
as it increases its concentration on the purchase of new holdings, in what
is a very interesting market phase.'

Of the total revenue of EUR199m generated by MBB Industries for the year
2008, approximately half is attributable to Reimelt Henschel. After the
sale, MBB Industries will have five portfolio companies with an annualised
revenue for the year of approximately EUR95m. At the end of the year 2008,
cash and cash equivalents were already at the level of EUR25m. At the
shareholder meeting on June 30, the Managing Board once more intends to
propose a dividend of EUR0.25.

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. Sönke Knop
Zeisselstrasse 19
60318 Frankfurt
Tel. 069-90550551
E-mail: mbb@edicto.de
05.05.2009 Financial News transmitted by DGAP

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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: christof.nesemeier@mbbindustries.com
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf

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