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MBB SE — M&A Activity 2011
Apr 14, 2011
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M&A Activity
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Ad-hoc | 14 April 2011 14:12
MBB Industries AG: MBB sells Huchtemeier Papier and buys additional shares of Hanke Tissue
MBB Industries AG / Key word(s): Disposal/Miscellaneous
14.04.2011 14:12
Dissemination 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, 14 April 2011 - MBB Industries AG (ISIN DE000A0ETBQ4) sold its
80%-share in Huchtemeier Papier GmbH, Dortmund, within an MBO to Mr. Alfred
Voßschulte. Conversely, MBB acquired the sub-participation of Mr. Alfred
Voßschulte at Hanke Tissue Sp. z o.o., Küstrin, Poland. As a result, the
MBB investment in Hanke Tissue Sp. z o.o. economically raises from 77,6 %
to
87,3 %. Both parties agreed not to disclose the purchase prices.
Huchtemeier, located in Dortmund, is an international paper distribution
group with a focus on tissue and hygiene products for wholesalers and the
paper converting industry. Huchtemeier, which has been part of MBB group
since 2006, recorded revenue of around. EUR16m in 2010 and employs 13
employees. Mr. Alfred Voßschulte is a member of the founding family and
longtime executive Manager of Huchtemeier Papier GmbH. With this MBO, the
profitable company continues its history of more than 100 years as a family
owned paper trading house.
Hanke Tissue produces Tissue rolls, serviettes, paper handkerchiefs, toilet
paper and kitchen rolls. With its 'aha' brand Hanke is market leader in the
polish market for tissue serviettes and enjoys a strong competitive
position in Eastern European consumer goods market. The company is also
part of the MBB group since 2006. In 2010 it recorded revenue of around
EUR22m with its almost 250 employees. In the previous years Hanke has made
substantial investments in the expansion of its production and warehouse
capacities.
MBB Industries AG explains the aforementioned acquisition of Hanke shares
with from her point of view interesting development potentialities of the
company.
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 AG, please visit
http://www.mbbindustries.com
14.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service