DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of La Rochette from RDM Group 2021-05-03 / 07:55 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Mutares successfully completes the acquisition of La Rochette from RDM Group - Manufacturer of Folding Boxboard (FBB) for the pharma and food packaging industries - Strengthening the Engineering & Technology segment - Company with revenues close to EUR 120 million Munich/Milan, 3 May 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France being the key market. La Rochette serves mainly the pharma and food packaging industries. The products are sustainable and eco-friendly. With its historical presence and solid market position, the company generates revenues of approx. EUR 120 million and employs around 300 people. The FBB market is growing rapidly in Europe, since FBB can substitute for plastic and offers the best safety standard when food is in direct contact with the packaging. Johannes Laumann, CIO of Mutares comments: "La Rochette fits perfectly into the portfolio of Mutares. With our extensive experience in the paper industry, especially with Cenpa and keeeper Stotzheim, producing recycled board and tissue paper respectively, I am convinced that we are the right partner and have the industry expertise to leverage La Rochette's potential and generate new growth." Company profile Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). For further information please contact: Mutares SE & Co. KGaA Investor Relations Tel. +49 89 9292 7760 Email: ir@mutares.com www.mutares.com Contact for press requests CROSS ALLIANCE communication GmbH Susan Hoffmeister Tel. +49 89 1250 90330 Email: sh@crossalliance.de www.crossalliance.de Contact for press requests in France CLAI Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64 Dorian Masquelier - dorian.masquelier@clai2.com / +33 07 77 26 24 57 =---------------------------------------------------------------------------------------------------------------------- 2021-05-03 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 SE & Co. KGaA 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, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1190944 End of News DGAP News Service =------------
1190944 2021-05-03
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(END) Dow Jones Newswires
May 03, 2021 01:56 ET (05:56 GMT)