Corporate | 25 August 2006 14:10
ARQUES takes over Wolfsheck paper mill and founds Salto Paper
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The issuer is solely responsible for the content of this announcement.
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ARQUES takes over Wolfsheck paper mill and founds Salto Paper
Eighth acquisition of ARQUES group in 2006
Starnberg, August 25, 2006 – The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), takes over the Wolfsheck paper
mill (Black Forest) from the StoraEnso group with effect of September 1,
2006.
The Wolfsheck paper mill produces wallpaper base, special papers for the
building trade as well as catalogue paper for customers all over the world.
The company is the world market leader in wallpaper base. The mill’s two
paper manufacturing machines have a combined annual production capacity of
approximately 155,000 tons. The paper mill generates revenues to the value
of EUR 65 million with approximately 200 employees. ARQUES will continue
the paper mill’s production programme under the name ‘Salto Paper’. The
location will be maintained in its entirety; dismissals are not planned.
The Wolfsheck paper mill was taken for a symbolic purchase price and free
of bank liabilities and shareholder’s loans. The ARQUES managers, Holger
Kowarsch and Dr. Christoph Barth, will take over the management of the
company.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), 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 25.08.2006
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
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