Mutares SE & Co. KGaA
Mutares investment keeeper successfully completes acquisition and grows into a group with EUR 100 million sales
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Takeover/Expansion
Mutares investment keeeper successfully completes acquisition and grows into a group with EUR 100 million sales – Strategic acquisition for the expansion of the product portfolio of the keeeper Group completed – The new product segment is intended to facilitate sales synergies and create attractive added value for customers – Growth of the keeeper Group to more than EUR 100 million annualized revenues Munich/Stemwede, March 2, 2020 – keeeper Group, one of Europe’s largest suppliers of innovative and high-quality household products and a portfolio company of Mutares SE & Co. KGaA (ISIN: DE000A2NB650), has successfully completed the acquisition of the German paper napkin business from the Finnish Metsä Tissue Corporation. The keeeper Group is one of the leading manufacturers of household products in Europe and produces innovative product lines for customers in the do-it-yourself, wholesale, food and furniture industries at two sites in Germany and Poland. The now completed acquisition of Metsä Tissue’s German business at its Stotzheim site attractively expands the Group’s product portfolio to include the new product segment of high-quality paper napkins, thus offering significant added value for customers. Stotzheim is a state-of-the-art paper mill and is the market leader in Germany in the private label segment and second largest manufacturer of coloured and printed napkins. Based on the buy-and-build approach of Mutares Group, this acquisition is a meaningful addition to keeeper’s product portfolio and should enable keeeper to effectively exploit valuable potential from sales synergies and marketing. The future subsidiary with the new product segment will operate under the name of keeeper tableware with immediate effect and thus benefit from synergies with the established and German Brand Award winning keeeper brand. After the completed acquisition, keeeper Group now aims at an annualized turnover of more than EUR 100 million and presents itself as a promising growth story in Mutares portfolio. “The closing of this add-on transaction, following the successful completion of the acquisition of Primotecs, the former Italian business of the Tekfor Group, the acquisition of Loterios by our subsidiary Balcke-Dürr and the acquisition of Nexive with more than EUR 200 million in revenues as new platform investment, once again demonstrates our speed in implementing our ambitious growth strategy. With realizing a valuable addition of a new product segment, we were also able to support the keeeper Group in its exponential and rapid development,” says Johannes Laumann, CIO of Mutares.
Company profile of Mutares SE & Co. KGaA For further information: Mutares SE & Co. KGaA Press
02.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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), Stuttgart, Tradegate Exchange |
EQS News ID: | 986541 |
End of News | DGAP News Service |