Von Roll Holding AG

EQS-Adhoc: Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America


EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Disposal
Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America

26-May-2017 / 07:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America

Au / Wädenswil, May 26, 2017 - Von Roll Holding AG is selling one of a total of
four locations in the USA, and is thereby proceeding consistently with the
realignment initiated in the past year.

Dr. Christian Hennerkes, CEO: "The sale of our subsidiary Von Roll Austral marks
another important step in focusing on our more profitable core areas. We are
thus parting with a peripheral activity, that is neither sufficiently scalable
in the short and medium term nor in line with our future profitability targets.
"

Von Roll Austral in Douglasville currently employs about 40 employees and
produces various wire products for smaller repair shops as well as for competing
wire producers to cover peak loads.

All other activities of the Von Roll Group in the wire business, particularly in
France and India, will continue unaltered and will be expanded further in
attractive special segments.


About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG
focuses on products and systems for power generation, transmission and
distribution. Von Roll is a global market leader for electrical insulation
products, systems and services and has a worldwide presence in 29 sites with
around 1,700 employees.

Contact:
Claudia Guentert, Corporate Communications
T: +41 44 204 3529, F: +41 44 204 3007, E: press@vonroll.com

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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Von Roll Holding AG

          Steinacherstr. 101

          8804 Au

          Switzerland

Phone:    +41 44 204 3500

Fax:      +41 44 204 3007

E-mail:reception@vonroll.com

Internet: www.vonroll.com

ISIN:     CH0003245351

Listed:   Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart;
Open Market in Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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577315  26-May-2017 CET/CEST
 



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