United Labels AG / Miscellaneous
10.07.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Takeover of 35% interest in Montesquieu Finances SAS, Roubaix
- Expansion of French licence business within the area of apparel
- Option for majority takeover
Münster, 10 July 2008 United Labels AG (ISIN: DE 0005489561), an
enterprise specialising in comicware sold under licence, has acquired a
35% interest in Montesquieu Finances SAS, Roubaix, a French-based group
operating within the market for licensed products. In acquiring the
ownership interest, United Labels will further expand its position in the
large-account segment of the French market.
The Montesquieu Finances SAS Group includes Embassy SAS as well as Comics
World SAS. With a track record spanning several years, both enterprises are
well-established suppliers to retailers and mail-order companies in France.
The product range encompasses men's, women's and children's apparel,
featuring the most popular licensed cartoon characters. The French group
generated consolidated sales revenue of approx. EUR 16 million in 2007.
Given the complementary business model and opportunities for close
collaboration within the areas of purchasing, product development and
sales, the deal is expected to produce significant growth effects.
Additionally, United Labels holds options for a majority takeover. The
parties involved in the transaction have agreed not to disclose details of
the purchase price. The acquisition is subject to the usual conditions
precedent, fulfilment of which is expected in the coming weeks.
In acquiring the interest, United Labels will strengthen its sales
structure in France and significantly extend its access to major French
retailers such as Carrefour, Auchan, Leclerc, Casino and Kiabi.
For further information, please visit www.unitedlabels.com or contact the
following address:
United Labels AG
- Investor Relations -
Timo Koch
Gildenstr. 6
D 48157 Münster - Germany
Tel.: +49 (0) 251-3221-406
Fax: +49 (0) 251-3221-960
investorrelations@unitedlabels.com
DGAP 10.07.2008
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Language: English
Issuer: United Labels AG
Gildenstr. 6
48157 Münster
Deutschland
Phone: +49 (0)25 132 21-0
Fax: +49 (0)25 132 21-999
E-mail: investorrelations@unitedlabels.com
Internet: www.unitedlabels.com
ISIN: DE0005489561
WKN: 548956
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: United Labels AG: United Labels acquires interest in French group of companies
| Source: EQS Group AG