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STO SE & Co. KGaA M&A Activity 2015
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M&A Activity
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News Details
Corporate | 19 November 2015 13:30
Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors
DGAP-News: Sto SE & Co. KGaA / Key word(s): Investment
2015-11-19 / 13:30
C O R P O R A T E N E W S
Sto SE & Co. KGaA, Stühlingen
Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors
Stühlingen, 19 November 2015 – Sto SE & Co. KGaA has acquired by 18 November 2015 a majority share in Ströher GmbH having its business seat at Dillenburg. Realizing a turnover of approx. EUR 32 million with a workforce of approx. 240 employees, Ströher GmbH is from an international perspective a leading producer of brick slips and ceramics for use on high-class facades and floors. Ströher has gained a reputation for producing heavy duty and frost-resisting outdoor ceramics made by cutting-edge extrusion technology. Especially within the segment of brick slips for use on facades and thermal insulation systems, Ströher features an attractive portfolio as well as great production skills.
By way of this cooperation, Ströher GmbH and Sto group intend to strongly expand their activities within the field of brick slips for thermal insulation systems and to strengthen their individual market position further. To this end, the branch facade of Ströher GmbH and the branch thermal insulation systems of Sto group will closely interlink and combine their respective strengths in products and systems. Sto group will significantly extend its portfolio of innovative surfaces by brick slips which allow plenty of possibilities for design.
Sto SE & Co. KGaA regards this share acquisition as a further step towards securing its leadership in technology as one of the worldwide leading specialists in facades. Ströher GmbH expects to generate an attractive growth in turnover in all sectors of ceramics for facades and floors through the worldwide sales strength and global recognition of Sto group. The distribution of Ströher’s ceramics portfolio shall be continued via specialized trade at domestic and international level.
The acquisition is subject to consent by the competent cartel authorities.
Sto SE & Co. KGaA is a major international manufacturer of products and systems for building coatings. Consolidated turnover in 2014 amounted to EUR 1,208.7 million. The company is a leader in the business field of external wall insulation systems. Sto’s core product range also includes high-quality facade elements, as well as renders, plasters and paints for building exteriors and interiors alike. There is also a focus on concrete repair, floor coatings, acoustics, and rainscreen cladding systems.
Contact person:
Rolf Wöhrle, Chief Financial Officer of STO Management SE, which acts on behalf of Sto SE & Co. KGaA, Tel.: +49 7744/57-12 41, e-mail: [email protected]
Claudia Wieland, Redaktionsbüro tik, tel.: +49 911/9597-871, e-mail: [email protected]
2015-11-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Sto SE & Co. KGaA |
| Ehrenbachstraße 1 | |
| 79780 Stühlingen | |
| Germany | |
| Phone: | +49 (0)7744 57-0 |
| Fax: | +49 (0)7744 57-2178 |
| E-mail: | [email protected] |
| Internet: | www.sto.de |
| ISIN: | DE0007274136 |
| WKN: | 727413 |
| Listed: | Regulated Market in Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich |
| End of News | DGAP News Service |
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| 414861 2015-11-19 |