Corporate | 23 October 2015 16:14
Saint-Gobain Oberland AG: Restructuring of the business unit production facilities via Management-Buy-Out
|
DGAP-News: Saint-Gobain Oberland AG / Key word(s): Strategic Company Decision/Investment
Bad Wurzach, October 23rd, 2015 – The container glass producer Saint-Gobain Oberland AG, known under the brand name Verallia, is reorganizing its business unit production facilities. Effective January 1st, 2016, GPS Glasproduktions-Service GmbH will become independent via Management-Buy-Out (MBO).
The current General Manager Rolf Themann is taking over the responsibility for the medium-sized company. He was able to convince high performance and long-term-oriented private investors with business background.
The business unit production facilities represented 3,6 % of the turnover of Saint-Gobain Oberland AG. The purchase price was not disclosed. Since 90 years, GPS Glasproduktions-Service GmbH is developing and producing IS-Machines and components for the container glass production worldwide. The strategic objective remains: IS-Machines, Spare-parts, Services.
Kontakt:
2015-10-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Saint-Gobain Oberland AG | |
| Oberlandstraße | ||
| 88410 Bad Wurzach | ||
| Germany | ||
| Phone: | 07564-18 255 | |
| Fax: | 07564-18 461 | |
| E-mail: | cornelia.banzhaf@saint-gobain.com | |
| Internet: | www.saint-gobain-oberland.de | |
| ISIN: | DE0006851603 | |
| WKN: | 685160 | |
| Listed: | Regulated Market in Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin | |
| End of News | DGAP News Service |
|
|
|
405173 2015-10-23
|