DGAP-News: SURTECO SE: Purchase of SÃ¼ddekor companies

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Dec 2, 2013 at 11:00 AM

DGAP-News: SURTECO SE: Purchase of SÃ¼ddekor companies closed

DGAP-News: SURTECO SE / Key word(s): Acquisition SURTECO SE: Purchase of SÃ¼ddekor companies closed 02.12.2013 / 16:39 --------------------------------------------------------------------- Press Release SURTECO SE: Purchase of SÃ¼ddekor companies closed - Approval by the German Antitrust Office without any restriction - Increase in market presence - Focus on sustainably profitable growth Buttenwiesen-Pfaffenhofen, 2 December 2013 - SURTECO SE, one of the world's leading suppliers of decorative surface materials, has successfully closed the takeover of all the shares in the SÃ¼ddekor companies. This step was carried out after the German Antitrust Office approved the transaction without any restrictions on 25 November 2013. The SÃ¼ddekor companies will therefore be included in the consolidated financial statements of SURTECO SE from December 2013. The takeover was financed by gross issue proceeds amounting to some 80 million euros accrued from a capital increase and available liquid assets of the company. This transaction enables the SURTECO Group to increase its market presence in the area of paper-based surface products, particularly in decorative printing and finish foils. The company also opens up new markets by augmenting its range with the products melamine impregnated materials and release papers for the wood-based industry. SÃ¼ddekor also contributes its in-house cylinder-engraving facility and printing-ink production to the Group. SURTECO believes that the acquisition of SÃ¼ddekor provides excellent potential for long-term and profitable growth. You can find the report for the first nine months of 2013 and other information about SURTECO SE on the Internet by going to www.surteco.com. Profile of SURTECO SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international specialist for surface technologies. The product portfolio includes papers printed with decorative designs, decorative flat foils and edgebandings based on specialist papers for technical applications and plastics. The extensive product portfolio is completed by skirtings made of plastic, do-it-yourself ranges and shutter and cladding systems. The Group currently has a workforce of appr. 2,000 and manufactures at 15 sites on four continents, currently generating approximately 32 % of sales in Germany, 43 % in European countries outside Germany and the remainder in America, Asia and Australia. Customers of SURTECO generally come from the furnishing industry and the construction sector. The shares of the company are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin/Bremen, DÃ¼sseldorf and Stuttgart. Cautionary note regarding forward-looking statements This press release contains statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company does not intend to - and assumes no obligation - to update any forward looking statements contained herein or to adapt such information to future results or developments. Contact: <pre> SURTECO SE Andreas Riedl Martin Miller Chief Financial Officer Investor Relations and Press Office + 49 (0) 8274/99 88-563 + 49 (0) 8274/99 88-508 Internet www.surteco.com Email ir@SURTECO.com Fax + 49 (0) 8274/99 88-515 </pre> End of Corporate News --------------------------------------------------------------------- 02.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: SURTECO SE Johan-Viktor-Bausch-Str. 2 86647 Buttenwiesen-Pfaffenhofen Germany Phone: +49 (0)8274 99 88-0 Fax: +49 (0)8274 99 88-5 05 E-mail: ir@surteco.com Internet: www.surteco.com ISIN: DE0005176903 WKN: 517 690 Listed: Regulierter Markt in Frankfurt (Prime Standard), MÃ¼nchen; Freiverkehr in Berlin, DÃ¼sseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 242739 02.12.2013

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