mutares signs APA with Mecaplast
mutares AG (ISIN: DE000A0SMSH2) has signed an APA to acquire two French plants of the Mecaplast Group. The two plants generate revenues of EUR 70m by producing interior and exterior parts for trucks. Together with the acquisition of Plastic Omnium's truck business, mutares creates a world leading truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants.
After the approval of the workers' representatives of Mecaplast, mutares has signed an APA to acquire two French plants of the Mecaplast Group. The closing of the transaction will take place until the end of the year. The two profitable plants, based in Izernore and Précigné, France, generate revenues of EUR 70m with 340 employees. The order backlog of EUR 600m is anticipated to secure the full utilization for many years. The production of interior and exterior parts for trucks perfectly complements the product portfolio of STS, especially with regards to the acquisition of Plastic Omnium's truck business.
The truck supplying business of the Plastic Omnium Group consists of five plants in France, two in China and respectively one plant in Germany and Mexico with more than 1,500 employees in total. In 2015, the plants generated a turnover of EUR 190m with exterior components and modules for truck cabins. All major European truck manufacturers belong to the customer base. The plants are located in direct proximity to its customers.
Combined with STS and the recent acquisition of the two plants of the Mecaplast Group, mutares creates a global truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The new group will have locations in France, Italy, Germany, Poland, China and Mexico. The products complement each other and allow a variety of synergies and cross-selling opportunities.
Company profile of Mecaplast
Mecaplast Group, a European leader in automotive equipment, develops, designs and manufactures parts and complete systems for the vehicle body and engine. Located in 18 countries, it reports revenues of more than EUR 700m in 2015 and employs 6.000 people.
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A0SMSH2).
For further information, please contact:
mutares AG Soh-Pih Mariette Nikolai Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 firstname.lastname@example.org www.mutares.de
16.12.2016 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.
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Language: English Company: mutares AG Arnulfstr.19 80335 Munich Germany Phone: +49 (0)89-9292 776-0 Fax: +49 (0)89-9292 776-22 E-mail: email@example.com Internet: www.mutares.de ISIN: DE000A0SMSH2 WKN: A0SMSH Listed: Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt
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