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MarketScreener Homepage  >  Equities  >  Xetra  >  Mutares AG    MUX   DE000A2NB650

MUTARES AG

(MUX)
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Mutares AG: Mutares subsidiary Donges Group continues to expand: Integration of Norsilk to further enhance product offering and sales network

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06/28/2019 | 01:35am EDT

DGAP-News: Mutares AG / Key word(s): Private Equity/Expansion
Mutares AG: Mutares subsidiary Donges Group continues to expand: Integration of Norsilk to further enhance product offering and sales network

28.06.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Mutares subsidiary Donges Group continues to expand: Integration of Norsilk to further enhance product offering and sales network

  • Donges Group integrates wood product supplier Norsilk
  • Complementing product offering and sales network of both companies
  •  Further growth in French, Spanish and European countries expected


Munich/Darmstadt, June 28, 2019 - Donges Group, an investment platform of Mutares AG (ISIN: DE000A2NB650), has successfully completed the integration of investment platform Norsilk SAS. By integrating the previous standalone platform, Donges aims at further growth in the French market and cross-leveraging on existing sales channels in Europe. Norsilk will be positioned in the Donges Business Segment of high-quality façade and accessories products.

Norsilk is one of the major French players in the production and treatment of high-quality Northern wood. With 40 years of experience, the company with headquarter in Boulleville has a strong reputation for Nordic wood processing. Its product portfolio comprises a broad range of wood products for cladding, panelling and structure solutions.

By integrating Norsilk into Donges Group, its positioning especially in the French and Spanish market will provide sales and sourcing synergies to complement and diversify the roof and façade solutions offering within Donges Group.

After the integration of Norsilk, Donges Group is one of the leading European construction and engineering companies specializing in the design and manufacture of building structures including building envelope solutions based on steel, aluminium, polymer membranes and now timber. The Group with headquarter in Darmstadt (Germany) operates worldwide having nine manufacturing sites, employing more than 900 people in 12 countries and generating annual revenues of EUR 280 million.

Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares' portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information:

Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 9292 7760
Email: ir@mutares.de
www.mutares.de

Press Contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de
 



28.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mutares AG
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 832451

 
End of News DGAP News Service

832451  28.06.2019 

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© EQS 2019
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