DGAP-News: mutares AG / Key word(s): Mergers & Acquisitions/Acquisition mutares AG: mutares acquires A+F, a leading manufacturer of final packaging solutions 20.10.2014 / 08:30 --------------------------------------------------------------------- mutares AG (ISIN: DE000A0SMSH2) today announced the acquisition of A+F Automation + Fördertechnik GmbH ("A+F") from the OYSTAR Group. A+F is a leading manufacturer of end-of-line packaging solutions. The company is based in Kirchlengern, Germany. With 179 employees, A+F generated sales of around EUR 30 million in 2013. Munich, October 20, 2014 - With a wide range of fully automated end-of-line packaging solutions, A+F has been a well-established partner of the Dairy, Beverage, and Food industries for many years. In addition, the company is pursuing expansion into other industry applications. For the OYSTAR Group the disposal marks a further step in its strategy to focus on its core business. The transaction is still subject to approval by the German Federal Cartel Authority. Dr. Axel Geuer, CEO and founder of mutares AG, who himself has several years of experience in managing a major packaging company, emphasizes A+F's high level of technical competence: "From my own experience as a former customer of A+F, I especially appreciate the flexibility and reliability of the developed solutions." Fellow board member Dr. Wolf Cornelius, who also has extensive operational experience in the packaging industry, adds: "We are delighted to generate additional business potential for A+F by strengthening its sales activities." Company profile of mutares AG mutares AG, Munich (www.mutares.de), acquires companies that are sold as part of a strategic repositioning by its former owners and possess clear potential for operative improvements. mutares actively supports its portfolio companies with its own team of experts with the objective of achieving significant uplift in value. Establishing sustainable new growth trajectories for its group company is therefore a key component of mutares' strategy. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2). For further information, please contact: mutares AG Christoph Himmel Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de --------------------------------------------------------------------- 20.10.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 292265 20.10.2014
DGAP-News: mutares AG: mutares acquires A+F, a leading manufacturer of final packaging solutions
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