DGAP-News: Saint-Gobain Oberland AG / Key word(s): Strategic Company
Decision/Investment
Saint-Gobain Oberland AG: Restructuring of the business unit
production facilities via Management-Buy-Out
23.10.2015 / 16:14
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Bad Wurzach, October 23rd, 2015 - The container glass producer Saint-Gobain
Oberland AG, known under the brand name Verallia, is reorganizing its
business unit production facilities. Effective January 1st, 2016, GPS
Glasproduktions-Service GmbH will become independent via Management-Buy-Out
(MBO).
The current General Manager Rolf Themann is taking over the responsibility
for the medium-sized company. He was able to convince high performance and
long-term-oriented private investors with business background.
Saint-Gobain Oberland AG is selling this business unit, so that the experts
of GPS could respond with more flexibility and with an even higher
innovative approach to the needs and requirements of international
container glass producers. Both companies - Saint-Gobain Oberland AG and
GPS - will also have a strategic corporation in future.
The business unit production facilities represented 3,6 % of the turnover
of Saint-Gobain Oberland AG.
The purchase price was not disclosed.
Since 90 years, GPS Glasproduktions-ââService GmbH is developing and
producing IS-Machines and components for the container glass production
worldwide. The strategic objective remains: IS-Machines, Spare-parts,
Services.
Contact:
Cornelia Banzhaf
Public Relations Managerin
OberlandstraÃe
88410 Bad Wurzach
Tel.: 07564 - 18 255
e-Mail: cornelia.banzhaf@saint-gobain.com
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23.10.2015 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
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Language: English
Company: Saint-Gobain Oberland AG
OberlandstraÃe
88410 Bad Wurzach
Germany
Phone: 07564-18 255
Fax: 07564-18 461
E-mail: cornelia.banzhaf@saint-gobain.com
Internet: www.saint-gobain-oberland.de
ISIN: DE0006851603
WKN: 685160
Listed: Regulated Market in Frankfurt (General Standard), Munich,
Stuttgart; Regulated Unofficial Market in Berlin
End of News DGAP News Service
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405173 23.10.2015
DGAP-News: Saint-Gobain Oberland AG: Restructuring of the business unit production facilities via Management-Buy-Out
| Source: EQS Group AG