ElringKlinger AG

EANS-Adhoc: Agreement on the sale of the Static Flat Gaskets business of the Freudenberg Group to ElringKlinger comes into effect

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Dettingen/Erms, (Germany) January 4, 2011  +++  With effect from January 1, 2011, ElringKlinger AG has closed the transaction relating to the acquisition of the Static Flat Gaskets business - encompassing business activities in respect of cylinder-head and exhaust system gaskets - from Freudenberg & Co. KG, Weinheim.

Following the official authorization by the antitrust authorities and the approval of staff representatives at the Nantiat site in France as regards the completion of the planned takeover, the purchase agreement was signed on September 30, 2010.

Alongside the Freudenberg subsidiary Burgmann Automotive GmbH, Gelting, Germany, ElringKlinger has also taken over part of Freudenberg-Meillor S.A.S., Nantiat, France, as well as Oigra Meillor s.r.l., Turin, Italy.

Inclusion in the consolidated group is applicable as at January 1, 2011. Therefore, the newly acquired Static Flat Gaskets lead center of the Freudenberg Group will contribute to sales and earnings of the ElringKlinger Group as from the first quarter of 2011.

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Further inquiry note: ElringKlinger AG Investor Relations / Press Relations Max-Eyth-Straße 2, 72581 Dettingen/Erms Phone: +49 (0)7123-724-137 Fax: +49 (0)7123-724-641 E-mail: stephan.haas@elringklinger.de

Branche: Automotive Equipment
ISIN:      DE0007856023
WKN:        785602
Index:    MDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Düsseldorf / free trade
              München / free trade
              Stuttgart / regulated dealing

Weitere Meldungen: ElringKlinger AG

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