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MBB SE — M&A Activity 2009
May 5, 2009
279_rns_2009-05-05_508d9f88-c550-453f-9dc9-6ed14bd9369b.html
M&A Activity
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Ad-hoc | 5 May 2009 08:29
MBB Industries AG: MBB Industries sells its Reimelt Henschel holding to Zeppelin
MBB Industries AG / Disposal/Acquisition
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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.
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 expects 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. The sale will result in a
further increase in liquid funds in an economic phase that is extremely
interesting for company purchases.
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: [email protected]
05.05.2009 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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service