SIMONA AG — M&A Activity 2006

Aug 30, 2006

News Details

Ad-hoc | 30 August 2006 07:00

SIMONA AG: SIMONA acquires plastics business from Deutsche Holzveredelung Alfons und Ewald Schmeing oHG

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— SIMONA acquires plastics business from Deutsche Holzveredelung Alfons und Ewald Schmeing oHG As part of an asset deal, the SIMONA Group will acquire the plastics business of Deutsche Holzveredelung Alfons und Ewald Schmeing oHG, based in Kirchhundem-Würdinghausen (North Rhine-Westphalia), effective from 1 October 2006. The plastics operations of Deutsche Holzveredelung, which encompass the Dehoplast brand, generate revenues of approx. €18 million and include the manufacture and sale of pressed sheets, extruded sheets, solid rods, profiles and finished parts made principally of polyethylene (PE) and polypropylene (PP). Both parties have agreed not to disclose details of the purchase price. In acquiring Dehoplast, SIMONA will be able to complement its existing product range of semi-finished technical plastics and add to its portfolio by including finished parts. The finished-parts business includes the manufacture of components deployed within the area of mechanical engineering as well as in transportation and storage technology. The acquisition will allow SIMONA to enhance its position as a leading supplier of semi-finished plastics for industrial applications. The plastics business also includes the manufacture of cutting boards, which are marketed under the frisylen® brand. The Dehoplast unit produces its semi-finished plastics and finished parts at two factories, located in Kirchhundem-Würdinghausen and in Hilchenbach-Lützel, Siegerland region. In total, Dehoplast employs around 100 members of staff, who will be taken on by SIMONA. Operations within the area of compressed laminated wood, an area covered by the dehonit® brand, will remain with Deutsche Holzveredelung Alfons und Ewald Schmeing oHG. As part of the takeover, the technical expertise associated with the various locations of Dehoplast and SIMONA is to be further extended within the framework of a new business location concept yet to be drawn up. (c)DGAP 30.08.2006 ————————————————————————— Language: English Issuer: Simona AG Teichweg 16 55606 Kirn an der Nahe Deutschland Phone: 06752-14-343 Fax: 06752-14-738 E-mail: michael.schmitz@simona.de WWW: www.simona.de ISIN: DE0007239402 WKN: 723940 Indices: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen End of News DGAP News-Service —————————————————————————