DGAP-News: Sto acquires majority share in specialist in

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Nov 19, 2015 at 7:45 AM

DGAP-News: Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors

DGAP-News: Sto SE & Co. KGaA / Key word(s): Investment Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors 19.11.2015 / 13:30 --------------------------------------------------------------------- C O R P O R A T E N E W S Sto SE & Co. KGaA, StÃ¼hlingen Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors StÃ¼hlingen, 19 November 2015 - Sto SE & Co. KGaA has acquired by 18 November 2015 a majority share in StrÃ¶her GmbH having its business seat at Dillenburg. Realizing a turnover of approx. EUR 32 million with a workforce of approx. 240 employees, StrÃ¶her GmbH is from an international perspective a leading producer of brick slips and ceramics for use on high-class facades and floors. StrÃ¶her has gained a reputation for producing heavy duty and frost-resisting outdoor ceramics made by cutting-edge extrusion technology. Especially within the segment of brick slips for use on facades and thermal insulation systems, StrÃ¶her features an attractive portfolio as well as great production skills. By way of this cooperation, StrÃ¶her GmbH and Sto group intend to strongly expand their activities within the field of brick slips for thermal insulation systems and to strengthen their individual market position further. To this end, the branch facade of StrÃ¶her GmbH and the branch thermal insulation systems of Sto group will closely interlink and combine their respective strengths in products and systems. Sto group will significantly extend its portfolio of innovative surfaces by brick slips which allow plenty of possibilities for design. Sto SE & Co. KGaA regards this share acquisition as a further step towards securing its leadership in technology as one of the worldwide leading specialists in facades. StrÃ¶her GmbH expects to generate an attractive growth in turnover in all sectors of ceramics for facades and floors through the worldwide sales strength and global recognition of Sto group. The distribution of StrÃ¶her's ceramics portfolio shall be continued via specialized trade at domestic and international level. The acquisition is subject to consent by the competent cartel authorities. Sto SE & Co. KGaA is a major international manufacturer of products and systems for building coatings. Consolidated turnover in 2014 amounted to EUR 1,208.7 million. The company is a leader in the business field of external wall insulation systems. Sto's core product range also includes high-quality facade elements, as well as renders, plasters and paints for building exteriors and interiors alike. There is also a focus on concrete repair, floor coatings, acoustics, and rainscreen cladding systems. Contact person: Rolf WÃ¶hrle, Chief Financial Officer of STO Management SE, which acts on behalf of Sto SE & Co. KGaA, Tel.: +49 7744/57-12 41, e-mail: r.woehrle@sto.com Claudia Wieland, RedaktionsbÃ¼ro tik, tel.: +49 911/9597-871, e-mail: cw@tik-online.de --------------------------------------------------------------------- 19.11.2015 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: Sto SE & Co. KGaA EhrenbachstraÃe 1 79780 StÃ¼hlingen Germany Phone: +49 (0)7744 57-0 Fax: +49 (0)7744 57-2178 E-mail: info@sto.com Internet: www.sto.de ISIN: DE0007274136 WKN: 727413 Listed: Regulated Market in Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich End of News DGAP News Service --------------------------------------------------------------------- 414861 19.11.2015

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Princess Cruises Launches New Era at Celebration Key

Never thought I'd see the day when a cruise ship docking would stir such excitement, but here we are. The Star Princess has made its grand debut at Celebration Key, the latest jewel in Princess Cruises' crown. And they're going all out with Bahamian flair—something about a Junkanoo band and beach art that would make even the crustiest sailor crack a smile. Inaugural Fun...

D-Wave Quantum Hit with Securities Fraud Lawsuit

A Legal Quagmire for D-Wave Quantum Investors Securities fraud lawsuits are like light in a dark alley—you need them when the truth's been stashed out of sight, but they illuminate the dirty and damp parts of investment strategies nobody wants to talk about. Right now, D-Wave Quantum Inc. is smack dab in the middle of such litigious action. If you had the misfortune of...

Investors Gear Up for Lennar Class Action Lawsuit

High Stakes and Hard Hits for Lennar Stockholders There’s rarely a dull moment in the world of Wall Street, and Lennar Corporation (NYSE: LEN) is proving that rule right now. As a whiff of scandal wafts through the air, the famed homebuilder and its bigwigs are staring down the barrel of a formidable class action lawsuit. The question is, just how deep do the alleged...

Uber Data Breach: Class Action Investigation Begins

When Tech Meets Trouble: Uber's Data Breach Picture this: the hum of Uber rides weaving through your city, drivers none the wiser that personal info has been pried from the vaults thanks to their tech partner, Fireworks AI. Uber, folks, is in hot water once again. This isn’t just another tech hiccup; it's a legal whirlwind brewing up courtesy of Edelson Lechtzin LLP, a...

Portillo's Faces Class Action: Investor Losses at Stake

Investor Tensions Rise as Portillo's Inc. Lawsuit Unfolds Investment ain't all sunshine and rainbows, and if you've been holding Portillo's Inc. (NASDAQ: PTLO) stocks between September 19, 2023, and May 4, 2026, you might find yourself caught in a storm front. We're talking shareholder class action lawsuit, folks, thanks to some allegedly misguided management moves. This...

KINGRVER Boosts RV Comfort with New Water Heater Lineup

An Upgrade for the Open Road In the land of RV living, comfort is king—or in this case, KINGRVER. Dropping affordable upgrades for water heaters into the world of RVs, KINGRVER's CT6 lineup is like a warm hug on a chilly campsite morning. Whether you've pulled up to a wooded retreat or parked under the vast desert sky, having dependable hot water shouldn't be a gamble....

Layne's Chicken Fingers Expands with Brownsville Opening

Fried Delights Rise in Brownsville Never thought I'd see the day when chicken fingers felt like the main character in an epic expansion saga, but here we are. Ricki Oberoi, a veteran in the fast-food game, is pushing onward with Layne's Chicken Fingers in Brownsville, Texas. I tell you, some folks are as keen on expanding their palates as they are their portfolios....

JOYEE N01 Debuts Globally with First 2,000 Deliveries

JOYYE N01 Breaks into the Global Market Now, here we go, folks—a Chinese car with ambitions bigger than the Sahara. On October 28, the JOYEE N01 rolled off the assembly line and into the international scene with a lot of fanfare at FAW's Yancheng Branch. Mark my words, this isn't just another model trying to strut into the global auto arena. This event delivered the...

WHO and RCSI Bahrain Join Forces on Health Initiatives

Forging a Healthier Pathway In a world where healthcare challenges rise faster than my blood pressure during a stock market crash, the World Health Organization (WHO) and the Royal College of Surgeons in Ireland (RCSI) – Medical University of Bahrain have inked a deal to tackle these issues head-on. The memorandum of understanding (MoU) signed on November 15, 2026,...

Ambrosia Biosciences Unveils Promising Nonclinical Metabolic Data

Ambrosia's Latest Nonclinical Revelations Ambrosia Biosciences has just thrown out some major bait at ObesityWeek® 2026. The highlight? New nonclinical data profiles for two of their understudy small molecule programs—AMB-895 and AMB-131. It may sound niche, but in this sector, promising data spins heads. Their GLP-1 receptor agonist, AMB-895, and GIP receptor...