MBB Industries AG Announces Dividend for Fiscal 2012; Announces Board Changes
June 19, 2013 at 08:07 am EDT
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The Annual Meeting of MBB Industries AG approved the dividend of EUR 0.50 for the 2012 financial year, against a distribution of EUR 0.44 per share in the previous year.
The Annual General Meeting also elected the co-founder of MBB Industries and former Managing Board member Gert-Maria Freimuth to the Supervisory Board. Dr. Christof Nesemeier will act as CEO and sole member of the Managing Board, supported by the proven Management team of Anton Breitkopf, Dr. Gerrit Karalus and Klaus Seidel. The meeting of the Supervisory Board following the Annual General Meeting elected Gert-Maria Freimuth as the Chairman of the Supervisory Board.
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
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