DGAP-Adhoc: Cham Paper Group Holding AG: Cham Paper Group sells its Italian paper mills to Delfort Group
15.07.2013 – 07:03
Cham Paper Group Holding AG / Key word(s): Strategic Company Decision 15.07.2013 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- The Cham Paper Group sells its Italian paper mills located in Carmignano and Condino to Delfort Group and thereby backs out of the base paper production. Based in Traun, Austria, Delfort Group produces and distributes speciality papers and has around 1,750 employees at five factories in Austria, Hungary, the Czech Republic and Finland. Similarly to the Cham Paper Group, the family-run company has a widely recognised market position in a range of areas within the speciality papers market. During the last few months, the Board of Directors of the Cham Paper Group has been evaluating strategic options which, after the comprehensive restructuring of the last 18 months, bring back sustainable growth to the speciality paper business. To integrate the two complementary Italian mills into the Delfort Group was found to be the promising option. The acquisition is subject to approval by the responsible regulatory authorities. The closing of the transaction is expected to take place in the fourth quarter of this year. The transaction value (enterprise value) amounts to approx. EUR 86 million and includes financial liabilities of approx. EUR 45 million, which are taken over by the acquirer. The net purchase price will be paid in cash. As agreed by both parties, further details of the share purchase agreement will not be disclosed. The Cham Paper Group activities in Switzerland are not affected by the divestment of the Italian mills. Starting from this year, the industrial activities of the Group in Switzerland have been focusing on the finishing (coating technology) of external base paper as well as the development, commercial launch and distribution of high-grade product groups and services. Moreover, the Group is planning to transform its 'Papieri' site in Cham into a new residential and working area. Today, 15 July 2013, a conference call (conference ID: 4630582) with the Media and IR office of Cham Paper Group (Edwin van der Geest) will take place at 10.00 a.m. (local time Zurich). The dial-in number for participants is +41 22 592 73 12. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: For further information please contact: Media and IR office of Cham Paper Group Holding AG c/o Dynamics Group Edwin van der Geest / Philippe Blangey E-mail: media@cham-group.com and/or investor@cham-group.com Phone: +41 43 268 32 32 Swiss Security Number / ISIN / Ticker: 193 185 / CH0001931853 / CPGN Registered Shares: Cham Paper Group Holding AG Cham Paper Group Cham Paper Group is a leading manufacturer of coated speciality papers. The group generates value added for its customers by providing finishing-based functional capabilities. Founded in 1657, at its three locations in Switzerland and Italy the company develops and manufactures speciality papers for use in the consumer goods, industrial release and digital imaging sectors. The consumer goods sector encompasses papers for flexible packaging and base papers for label printing in the food, non-food, tobacco, beverage and pharmaceutical industries. In terms of the industrial release sector, Cham Paper Group supplies silicone-base papers for release liners used in graphical applications and for adhesive tapes and labels. The company also supplies base papers for process liners used in industrial casting and laminating process applications. Facestock papers for the self-adhesive industry round off the range. In addition to large-format inkjet papers for indoor and outdoor applications, the digital imaging sector also includes sublimation papers for digital textile printing. Cham Paper Group has benefited from the trend for sustainable products and is well established on the market thanks to the company's technological innovation. Cham Paper Group (stock exchange symbol: CPGN) is listed on the SIX Swiss Exchange as an independent company. +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=UDMAVPAMYW Document title: Press release signing Delfort 15.07.2013 News transmitted by EQS Group AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Cham Paper Group Holding AG Fabrikstrasse 6330 Cham Switzerland Phone: +41 41 785 33 33 Fax: +41 41 785 31 50 E-mail: mail.cham@cham-group.com Internet: www.cham-group.com ISIN: CH0001931853 Valor: - Listed: SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------