mutares completes the acquisition of Aperam Stainless Services & Solutions Tubes Europe
mutares AG (ISIN: DE000A0SMSH2) has completed the acquisition of Aperam's stainless steel welded tubes business located in Ancerville and Annecy, France. In 2016, the company generated revenues of EUR 64m. It will be a perfect add-on to BSL, mutares' French manufacturer of pipes and fittings. mutares has acquired Aperam's French stainless steel welded tubes business. The company operates a manufacturing plant in Ancerville and a distribution centre in Annecy, France. It generated revenues of EUR 64m in 2016. It will be a perfect add-on to BSL, mutares' French manufacturer of pipes and fittings, due to the strong synergy potential coming from the complementarity of product range and customers, and its geographical proximity.
Company profile of Aperam Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organized in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties. Aperam has 2.5m tonnes of flat Stainless and Electrical steel capacity in Brazil and Europe and is a leader in high value specialty products. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is concentrated in six production facilities located in Brazil, Belgium and France. In 2016, Aperam had sales of USD 4.3bn and steel shipments of 1.92m tonnes.
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
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Company: mutares AG Arnulfstr.19 80335 Munich
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