Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Mergers - Acquisitions - Takeovers
Westag & Getalit AG acquires stake in AKP Acrylkantenprofis GmbH

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On February 17, 2006, Westag & Getalit AG agreed to acquire a 49% stake in AKP Acrylkantenprofis GmbH with retroactive effect from January 1, 2006.

Based in Meiningen/Thuringia, AKP Acrylkantenprofis GmbH specialises in the production and marketing of worktops. The company is also the sole shareholder of masline Küchenarbeitsplatten GmbH, a company specialising in cutting, machining and finishing natural stone and composite stone worktops. Fitted kitchen retailers make up the main customer group of AKP Acrylkantenprofis GmbH which is a major buyer of kitchen worktops manufactured by Westag & Getalit AG’s.

The two companies plan to continue and intensify their cooperation in future. The plan is to push ahead the marketing of kitchen worktops particularly in the market segment of fitted kitchen retailers and to gain incremental market shares.

AKP Acrylkantenprofis GmbH and its masline subsidiary employ a total of 59 people and generated approximately EUR 5.5 million in sales in 2005. The management board is led by the main shareholder, Dietmar Hirn. He is joined by Edmund Volmer, member of the Management Board of Westag & Getalit AG. The purchase price of the investment remains undisclosed under the agreement.

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ots Originaltext: Westag & Getalit AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de

Branche: Building materials
ISIN:      DE0007775207
WKN:        777520
Index:    Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade

Weitere Meldungen: Westag & Getalit AG

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