DGAP-News: Sto acquires majority share in specialist in

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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

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