SURTECO GROUP SE: Continued consolidation course; Sale of shares in Canplast Mexico
June 30, 2020 at 07:25 am EDT
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DGAP-News: SURTECO GROUP SE
/ Key word(s): Disposal
SURTECO GROUP SE: Continued consolidation course; Sale of shares in Canplast Mexico
30.06.2020 / 13:22
The issuer is solely responsible for the content of this announcement.
SURTECO GROUP SE: Consolidation course continued; sale of shares in Canplast Mexico
Buttenwiesen, 30 June 2020 - SURTECO GROUP SE, holding company for leading national and international brands in surface technology, announces the sale of its shares in Canplast Mexico S.A. de C.V. As part of the process of optimizing the corporate structure, SURTECO sold its 50 % stake to the previous joint venture partner via the subsidiary SURTECO Canada Ltd. Canplast Mexico is a distribution and sales location. SURTECO will serve the Mexican market through its wholly owned subsidiary Chapacinta S.A. de C.V in future.
Contact:
SURTECO GROUP SE
Martin Miller
Investor Relations und Pressestelle
T: +49 8274 9988-508
SURTECO GROUP SE with its headquarters in Buttenwiesen is a medium-sized, internationally active investment company. The listed company combines leading national and international brands in surface technology under one roof. The extensive product portfolio includes printed decorative papers, impregnating agents, release papers, decorative surface foils and edgebandings based on special technical papers and plastics, plastic skirtings, technical profiles for industry and roller shutter systems. With over 3,100 employees at 22 production sites worldwide, the group generated annual sales of around ? 675 million, 25 % of which were generated in Germany, 47 % in other European countries and a further 28 % in America, Asia and Australia. The customers of the SURTECO Group are primarily in the wood-based materials, flooring and furnishing industries and in interior construction.
More information about the company is available at: www.surteco-group.com
The shares of SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich stock exchanges under the symbol SUR and ISIN DE0005176903 and are also traded on the stock exchanges in Berlin, Düsseldorf and Stuttgart.
Reservation regarding statements on the future
To the extent that this press release contains forecasts or expectations or statements relating to the future, these statements may involve known and unknown risks and uncertainties. As a result, there is no guarantee for the statements and expectations expressed. Actual results and developments may differ significantly. The company assumes no obligation to update or revise the forward-looking statements.
30.06.2020 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:
SURTECO GROUP SE
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen
Germany
Phone:
+49 (0)8274 99 88-0
Fax:
+49 (0)8274 99 88-5 05
E-mail:
ir@surteco-group.com
Internet:
www.surteco-group.com
ISIN:
DE0005176903
WKN:
517 690
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
Surteco Group SE, formerly SURTECO SE, is a Germany-based developer, designer, producer, and marketer of surface materials based on paper and plastics. The Company operates through two segments: Paper and Plastics. The Paper segment comprises the production and sale of paper-based edge bandings, finish foils, impregnates, release paper, and decor papers, and the Plastics segment includes the production and sale of thermoplastic edgings, foils, roller shutter systems, technical extrusions (profiles), skirting, and extrusions for flooring wholesalers, home improvement and do-it-yourself stores. The Company markets products under the Surteco Decor, Canplast, Dakor and Praktikus brands, among others.
SURTECO GROUP SE 
