Salzgitter AG

EANS-News: Salzgitter AG takes over Stahl-Metall-Service Gesellschaft für Bandverarbeitung mbH

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers

Salzgitter/Karlsruhe (euro adhoc) - Salzgitter AG has signed an agreement to
take over Stahl-Metall-Service Gesellschaft für Bandverarbeitung mbH
(Stahl-Metall-Service). This measure will complement the existing steel service
center activities of our Group in Schwerte, North-Rhine Westphalia, through
adding facilities in southern Germany. The parties have agreed not to disclose
the purchase price.

The reputation of Stahl-Metall-Service for the highest quality and special
precision in steel strip processing goes back to 1988. The company, that
currently has a workforce of around 110 employees, has operated cutting-edge
production facilities in Karlsruher Rheinhafen since 2008. It generated sales of
EUR 135 million and shipments in excess of 200,000 tons in 2010. Customers span
the automotive, mechanical engineering and electronics sectors, along with
ventilation and air conditioning technology, to mention a few.

Further inquiry note:
Markus Heidler
+49 (0) 5341/21-6105

end of announcement                               euro adhoc 

company:     Salzgitter AG
             Eisenhüttenstraße 99
             D-38239 Salzgitter
phone:       +49 (0) 5341-21-3783
sector:      Iron & Steel
ISIN:        DE0006202005
indexes:     Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language:   English

Weitere Meldungen: Salzgitter AG

Das könnte Sie auch interessieren: