Vienna, 26 April 2012
As announced on 11 April 2012, Frauenthal Holding AG
recently initiated negotiations on the sale of the Frauenthal
Group's Industrial Honeycombs Division to potential
Frauenthal Holding AG today reached an agreement with
Japan's Ibiden Co., Ltd on the sale of the Division to
the Ibiden Group for an equity purchase price of about EUR 51
million (m), in addition, the puchaser takes over certain
financial debt of the division. The boards of both parties
have already approved the deal, and the Sale and Purchase
Agreement (SPA) is likely to be signed shortly, possibly
Once the SPA will have been signed, the sale will be
completed in accordance with conditions precedent customary
for this kind of transaction, in particular with regard to
clearance by the competition authorities concerned.
Completion of the transaction is expected in the second
quarter of 2012.
Ibiden Co., Ltd. was established a century ago as an
energy supply company, and has grown into an international
group with operations in the electronics (including printed
circuit boards) and ceramics industries. Ibiden's
ceramics business produces diesel particle filters and
automotive exhaust system components, as well as graphite
products, fine ceramics and ceramic fibre.
The transaction is a logical progression in
Frauenthal's strategic realignment, which will see the
Group focus on its Automotive Components and Wholesale
Plumbing Supplies (SHT) divisions.
Frauenthal Holding AG
Tel. +43 (0)1 5054206