Villeroy & Boch AG

M&A Activity • Oct 16, 2001

News Details

Ad-hoc | 16 October 2001 16:48

Villeroy & Boch AG english

Mettlach and Roeselare.16 October 2001: Villeroy & Boch Takes Over Acomo Belgium Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Villeroy & Boch Takes Over Acomo Belgium An agreement in principle has been signed by Villeroy & Boch AG and Acomo Holding NV, which will allow Villeroy & Boch to acquire a majority interest in the Belgian company, Acomo Belgium. This agreement is also still subject to approval by the competent Cartel Authorities. Acomo Belgium is a subsidiary of Acomo Holding, whose major shareholders are the company Trust Capital Partners, listed in Brussels and GIMV, Antwerpen. Acomo Belgium’s head office is in Roeselare (Belgium). The company manufactures high- quality synthetic sanitary-ware products such as baths, whirlpools, shower and steam cubicles. Supported by its 160 employees, the company secured sales of Euro 22 million in the previous financial year. Both of the parties concerned have agreed to maintain silence regarding the purchase price involved in this transaction. Villeroy & Boch’s take-over of Acomo Belgium serves to strengthen both companies’ competitive position in the bathroom-furnishing sector. For Villeroy & Boch in particular, this acquisition signifies not only a consistent expansion of activities in the growth-oriented Wellness Division, but also a further strengthening of its international position. end of ad-hoc-announcement (c)DGAP 16.10.2001 ——————————————————————————– WKN: 765723; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin und Düsseldorf und Hamburg 161648 Okt 01