Corporate | 25 April 2006 11:45
ARQUES Industries AG takes over business operations of the outdoor specialist, Fritz Berger GmbH & Co KG
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ARQUES Industries AG takes over business operations of the outdoor
specialist, Fritz Berger GmbH & Co KG
Already the second acquisition from the KarstadtQuelle group
Starnberg, April 25, 2006 – The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), has taken over the business
operations of Fritz Berger GmbH & Co. KG by way of an asset deal according
to an agreement of yesterday evening. The transfer will take place on May
1, 2006. The company situated in Neumarkt (Upper Palatinate) is Europe‘s
largest mail order company specialising in camping, caravaning and
recreation with its main focus on the German market. The distribution takes
place through an own mail order operation as well as via 16 own specialised
trade stores and 50 distribution partners. In addition, 4 Jack Wolfskin
stores are operated.
Fritz Berger looks back at nearly fifty years of company history. The main
catalogue which includes over 6,000 products and 550 pages is considered
the ultimate ‘camping Bible’ with a circulation exceeding 700,000 copies.
The company generated an annual revenue of € 34 million.
The business operation was acquired according to the ARQUES philosophy. No
financial liabilities were taken over. ARQUES subsidiary manager, Bernd
Schell, who successfully restructured the ARQUES subsidiary teutonia, will
become managing director of Fritz Berger. The ARQUES task force, a
specialised operational strike force, will be employed immediately on a
project basis.
‘Fritz Berger is not only the second acquisition from KarstadtQuelle after
Golf House, but is also the second company in the specialised trade and
mail order industry’, said ARQUES executive board member responsible for
acquisitions, Dr. Martin Vorderwülbecke. ‘We are confident that we can
transfer the economic success of Golf House to Fritz Berger.’
Fritz Berger is already the sixth company acquired by ARQUES Industries AG
in the current year. In February Heinrich Heiland GmbH was acquired. Since
March 2006, the Swiss custom chemicals specialist, Rohner AG, Hottinger
Maschinenbau GmbH, Georg Fischer Schwab GmbH & Co KG, as well as the
Cologne-based printing works, J.P. Bachem belong to the ARQUES group.
Hereby the annualised group revenue has already increased by more than €
150 million to more than € 750 million in 2006.
About ARQUES
ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on
the acquisition and the active restructuring of companies in transitional
situations, in order to develop these, with its own team and own resources,
to competitive enterprises with a positive yield. ARQUES revitalises its
subsidiaries’ potential for creating value for the benefit of all its
stakeholders, taking on the relevant social responsibility. ARQUES has made
a duty of identifying underestimated companies with reduced survivability
but with high appreciation potential, at the same time mastering complex
company structures and transitional situations. The shares of ARQUES
Industries AG are traded in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange under the symbol ‘AQU’ (ISIN: DE0005156004)
and are listed in the SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
(c)DGAP 25.04.2006
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language: English
emitter: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
phone: +49 (0)8151 651-0
fax: +49 (0)8151 651- 500
email: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
indexes: SDAX
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
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