Ad-hoc | 5 March 2004 12:39
A.S. Création acquires distribution company in the Netherlands
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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A.S. Création acquires distribution company to strengthen market position in the
Netherlands
With retroactive effect from January 1, 2004, A.S. Création Tapeten AG,
Germany’s largest wallpaper manufacturer, has acquired 100% of the shares in
Wandvisie 2000 B.V., Werkendam/Netherlands. The takeover agreement was signed
today. Both parties agreed not to disclose any information about the price of
the transaction.
Wandvisie 2000 B.V. is a wallpaper wholesaler that employs 10 people and
generates annual sales of approx. EUR 2.1 million. The company’s customer base
mainly comprises specialist retailers in the Netherlands.
Since 1989, A.S. Création Tapeten AG has cooperated closely with Wandvisie 2000
B.V., which is currently A.S. Création’s exclusive distribution partner in the
Dutch market. The company exclusively sells wallpapers and furnishing fabrics
from A.S. Création.
The takeover of Wandvisie 2000 B.V. will help A.S. Création protect its existing
sales in the Netherlands. The takeover is also expected to provide stimulation
for additional growth, given that the full range of A.S. Création products will
be available to Dutch customers going forward. This improved penetration of the
Dutch market and the close customer relations are expected to result in higher
sales.
To highlight Wandvisie 2000 B.V.’s new positions as a distribution company of
A.S. Création, the company will be renamed A.S. Création (NL) B.V. in the course
of 2004.
Gummersbach, March 5, 2004
Inquiries:
Maik Krämer,
Director of Finance,
phone + 49 – (0)22 61/542-387,
fax + 49 – (0)22 61/542-304,
e-mail m.kraemer@as-creation.de
end of ad-hoc-announcement (c)DGAP 05.03.2004
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WKN: 507990; ISIN: DE0005079909; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
051239 Mär 04