K+S Aktiengesellschaft

EANS-News: K+S Aktiengesellschaft
Expansion of market position in East European salt market
esco acquires Solné Mlýny a.s. salt processing company in the Czech Republic


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Mergers - Acquisitions - Takeovers


Kassel (euro adhoc) - Hannover, 3 January 2012


Expansion of market position in East European salt market
esco acquires Solné Mlýny a.s. salt processing company in the Czech Republic


esco - european salt company GmbH & Co. KG, a wholly  owned  subsidiary  of  K+S
Aktiengesellschaft, takes over the Czech salt  processing  company  Solné  Mlýny
a.s. (SMO). The closing of the transaction occurred  today.  esco  is  acquiring
SMO from the Czech trading group EQUUS, which  has  been  undergoing  insolvency
proceedings since mid-2010. SMO is a major supplier  of  salt  products  in  the
Czech Republic and also operates in other European markets. The  purchase  price
is in the mid-single-digit million euro range.

SMO has been operating the salt processing business in the  eastern  Czech  city
of Olomouc since 1921 and currently employs about  70  people.  Particularly  in
the table salt segment, the company has a brand that is  well  known  nationwide
and enjoys a high level of recognition, and is established in the market with  a
wide product range of food grade, industrial and de-icing  salts.  In  a  normal
year, SMO sells around 100,000 tonnes of  its  various  salt  products  and  has
until now been one of esco´s customers in the important Czech market.

About esco and K+S
esco - european salt company is  responsible  for  the  European  salt  business
within the Salt business segment of the K+S Group.  esco  has  three  rock  salt
mines, two brine plants,  and  several  plants  processing  evaporated  salt  in
Germany,  France,  the  Netherlands,  Portugal  and  Spain,  and  has   numerous
distribution sites. Its annual production capacity is about 9.7  million  tonnes
of crystallised salt and salt in brine per year. Further information about  esco
can be found at www.esco-salt.com.

The K+S  Group  is  one  of  the  world's  leading  suppliers  of  standard  and
speciality fertilizers. In  the  salt  business,  K+S  is  the  world´s  leading
producer with sites in Europe as well as North and South America. K+S  offers  a
comprehensive range  of  goods  and  services  for  agriculture,  industry,  and
private consumers,  which  provides  growth  opportunities  in  virtually  every
sphere of daily life. More than 14,000 people work for the K+S Group  worldwide.
K+S - the commodity stock represented on the German share index, the  DAX  -  is
quoted on all German stock exchanges. More information about K+S  can  be  found
at www.k-plus-s.com.


Your contact persons:

esco:                             K+S:
Holger Bekemeier                  Michael Wudonig
Phone +49 511 85030-1840          Phone +49 561 9301-1262
Fax +49 511 85030-103             Fax +49 561 9301-1666
h.bekemeier@esco-salt.com   michael.wudonig@k-plus-s.com



Further inquiry note:
Ihre Ansprechpartner:
Presse:
Michael Wudonig, CFA
Telefon: +49 561 9301-1262
Fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com

K+S Aktiengesellschaft
Kommunikation und Medien
Postfach 10 20 29, 34111 Kassel
Bertha-von-Suttner-Str. 7, 34131 Kassel
www.k-plus-s.com
__________________________________________________________
 
Aufsichtsratsvorsitzender: Dr. Ralf Bethke
Vorstand: Norbert Steiner (Vors.), Joachim Felker, Gerd Grimmig, Dr. Thomas
Nöcker, Jan Peter Nonnenkamp
Sitz der Gesellschaft: Kassel; Handelsregister: Kassel HRB 2669

end of announcement                               euro adhoc 
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company:     K+S Aktiengesellschaft
             Bertha-von-Suttner-Straße  7
             D-34131 Kassel
phone:       +49 (0)561 9301-1460
FAX:         +49 (0)561 9301-2425
mail:     christian.herrmann@k-plus-s.com
WWW:      http://www.k-plus-s.com
sector:      Chemicals
ISIN:        DE000KSAG888
indexes:     DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
             Share
stockmarkets: official dealing/prime standard: Frankfurt, regulated dealing:
             Stuttgart, München, official dealing: Berlin, Hamburg, Hannover 
language:   English
 

 

 



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