Ad-hoc | 31 January 2006 07:20
Villeroy & Boch AG: Villeroy & Boch takes over leading supplier of ceramic sanitary ware in Mexico
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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February 2006
Villeroy & Boch takes over leading supplier of ceramic sanitary ware in
Mexico
On January 30th 2006, subject to approval under cartel law, Villeroy & Boch
took over the entire ceramic sanitary-ware business of the Mexican
industrial group ‘Grupo Industrial Saltillo’ (GIS). This take over involved
three sanitary ware factories with a capacity of 2.1 million units. Under
the brand names Vitromex and St. Thomas Creation the 950 employees achieve
a turnover of around USD 60 million, roughly 45% of which on the US market.
The parties concerned have agreed not to disclose the purchase price.
Owing to Villeroy & Boch’s strong presence in the tableware sector, the US
market is already the company’s second most important export market after
France. By making this acquisition, the company is creating an industrial
platform on which its most profitable Business Segment – ceramic sanitary
ware – can develop both this strategically important market, and the
growing markets in Central and South America. The acquisition will not give
rise to any adverse effects for employees in Europe.
(c)DGAP 31.01.2006
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language: English
emitter: Villeroy & Boch AG
Saaruferstraße
66693 Mettlach Deutschland
phone: +49 (0)6864 81-1217
fax: +49 (0)6864 81-1478
email: schulien.sandra@villeroy-boch.de
WWW: www.villeroy-boch.de
ISIN: DE0007657231
WKN: 765723
indexes: SDAX
stockmarkets: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin-Bremen,
Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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