Surteco Group SE

M&A Activity • Dec 3, 2003

News Details

Ad-hoc | 3 December 2003 08:41

SURTECO AG purchases 75 % of Italian Sales Partner ARBE

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SURTECO AG purchases 75 % of Italian Sales Partner ARBE The objective is to strengthen dedicated sales structures in Italy Buttenwiesen-Pfaffenhofen, 03/12/2003 – SURTECO AG is the leading global supplier of surface technologies based on technical papers for specialist applications and plastics. The Group has purchased a 75 % holding in ARBE S.R.L. based in Martellago near Venice. ARBE has been a long-term sales partner of Bausch GmbH (edging strips and surface foils based on paper) and Döllken-Kunststoffverarbeitung GmbH based in Gladbeck (plastic edges and other extruded products) – two companies in the SURTECO Group. ARBE S.R.L. generated sales of 13 million euros in 2002. The previous shareholder Sergio Bellato will continue to manage the company as Managing Director. The majority shareholding in ARBE will strengthen SURTECO’s dedicated sales structures in Italy, one of the most important European sales markets. end of ad-hoc-announcement (c)DGAP 03.12.2003 ——————————————————————————– WKN: 517 690; ISIN: DE0005176903; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf und Stuttgart 030841 Dez 03