Pfleiderer AG
Pfleiderer AG: Pfleiderer sells Pergo to Mohawk Industries
Pfleiderer AG / Key word(s): Disposal 29.10.2012 / 14:33 --------------------------------------------------------------------- Dusseldorf, October 29, 2012 - Pfleiderer AG (ISIN DE0006764749), has entered into an agreement to sell Pergo to Mohawk Industries, Inc., a leading supplier of flooring applications in the US. Pergo is a leading manufacturer of premium laminate flooring in both Europe and the United States. The transaction is expected to close no later than first quarter of 2013 and is subject to customary governmental approvals and closing conditions. As part of the ongoing restructuring Pfleiderer AG last year had announced the disposal of the North American operations. Following the initial disposal of the Uniboard operations in the United States in January 2012, the Canadian operations of Uniboard were sold in September 2012. With the sale of Pergo, the withdrawal from the North American market has now been completed. BNP Paribas and Nordea Corporate Finance are acting as financial advisors and Morrison Cohen LLP and Noerr LLP are acting as legal advisors to Pfleiderer AG. About Pfleiderer: The Pfleiderer Group (ISIN DE 0006764749) is one of the world's leading producers of engineered wood. The company employs approximately 4,000 people and operates 12 locations in North America, Western and Eastern Europe producing engineered wood, surface finished products and laminate flooring. Pfleiderer is a preferred partner of the furniture industry, specialist and home improvement stores, and interior design suppliers. In fiscal year 2011, the Group (continued operations) generated preliminary consolidated revenues of approximately EUR1.1 billion. More information at: www.pfleiderer.com About Pergo Pergo is a leading manufacturer of laminate flooring with the most recognized brand in the U.S. and Europe. The company develops, produces and markets laminate flooring with premium-quality multi-layer sequence in unmistakable designs and unique product features for the residential sector and commercial applications. With about 400 employees, Pergo operates manufacturing facilities in Sweden and the United States. Pergo was acquired by Pfleiderer AG (ISIN DE 0006764749) in 2007. More information at: www.pergo.com Contact persons: Media Frank Elsner Kommunikation GmbH Frank Elsner Tel.: + 49 (0)5404 9192-0 Fax: + 49 (0)5404 9192-29 E-Mail:office@elsner-kommunikation.de Contact: Analysts/Investors Lothar Sindel Vice President Investor Relations Tel.: + 49 (0) 211 929 638 20 Fax: + 49 (0) 211 929 638 23 E-mail: lothar.sindel@pfleiderer.com End of Corporate News --------------------------------------------------------------------- 29.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Pfleiderer AG Kennedydamm 55 40476 Düsseldorf Germany Phone: +49 (0) 211 929 638 20 Fax: +49 (0) 211 929 638 23 E-mail: lothar.sindel@pfleiderer.com Internet: www.pfleiderer.com ISIN: DE0006764749 WKN: 676474 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 190616 29.10.2012
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