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.
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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
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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