AI assistant
SIMONA AG — M&A Activity 2014
Apr 1, 2014
393_rns_2014-04-01_d54adbc1-34b8-427c-bbd3-0a401841b275.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 1 April 2014 08:53
SIMONA Aktiengesellschaft: SIMONA enters into agreement for acquisition of Boltaron Performance Products, LLC
SIMONA Aktiengesellschaft / Key word(s): Acquisition/Strategic Company Decision
01.04.2014 08:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Kirn, 1 April 2014. SIMONA AG, Kirn, Germany, has today (31 March 2014,
local time (Eastern Standard Time)) - via an indirect subsidiary in the US
- signed an agreement to acquire the business operations of Boltaron
Performance Products, LLC, Newscomerstown, OH, USA.
Boltaron is a leading North American producer of thermoplastic sheet
products for components used in aircraft and mass-transit vehicle interiors
as well as for applications within the construction, chemical process and
semiconductor industries. Boltaron's manufacturing facility brings together
extrusion, calendering and press laminating under one roof. Employing 90
people, the company generates annual sales of approx. USD 30 million. Both
parties have agreed not to disclose details of the purchase price.
In acquiring the company, SIMONA AG has reaffirmed its strategy of
expansion through targeted acquisitions in the important US plastics market
as well as its commitment to unlocking new fields of application. At the
same time, the acquisition of Boltaron will provide the company with direct
access to the aerospace plastics market, which has been experiencing global
growth recently.
The conclusion of this transaction is subject to several conditions. The
Management Board anticipates that the transaction will be concluded in the
course of April 2014.
The Management Board
01.04.2014 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: SIMONA Aktiengesellschaft
Teichweg 16
55606 Kirn an der Nahe
Germany
Phone: 06752-14-997
Fax: 06752-14-738
E-mail: [email protected]
Internet: www.simona.de
ISIN: DE0007239402
WKN: 723940
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin
End of Announcement DGAP News-Service