News
mutares AG acquires STADA Production Ireland Ltd. (“SPI”)
mutares AG, Munich, has taken over STADA Production Ireland Ltd. (SPI), a contract manufacturer of pharmaceutical drugs based in Clonmel/ Ireland, from STADA Arzneimittel AG, a German MDAX-listed company on February 06, 2012. SPI generated in 2011 a turnover of approximately EUR 28 million with production and packaging of tablets and capsules and employs about 180 people.
SPI has been producing drugs in Clonmel since 1984 and holds licenses (FDA, EU GMP) for the production of a wide range of different pharmaceuticals, including antibiotics, for the European and the US market. The STADA Group is selling SPI with the objective to focus its world-wide production capacities. Based on contract manufacturing agreements SPI will continue to be a supplier for STADA for a transitional period.
Dr. Axel Geuer, member of the executive board and founder of mutares AG, says with a view to the future development of the company: „With a production capacity of 1.6 million tablets and capsules and a number of different production methods and packaging techniques SPI is well positioned to acquire new customers and to further expand its business. We are looking forward to accompanying this growth strategy.“
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
About STADA Arzneimittel AG:
STADA Arzneimittel AG is a publicly-listed company with headquarters in Bad Vilbel, Germany. STADA’s business model focuses on the health care market. At the center of the internationally oriented business activities are the pharmaceutical and, in particular, the generics market with sustainable growth potential. As a globally leading generics producer, STADA has a traditionally strong presence in Europe and is the clear number 3 in Germany. In financial year 2010, STADA achieved Group sales of EUR 1,627.0 million, earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 268.8 million and net income of EUR 68.4 million. As of December 31, 2010, STADA employed a total of 8,024 people.
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares acquires GeesinkNorba Group
mutares AG, Munich, has acquired the Geesink Group with all its European subsidiaries, a leading European provider of efficient waste management solutions on February 3, 2012. As Europe’s largest supplier for innovative solutions of refuse collection, especially refuse collection vehicles, GeesinkNorba generated a turnover exceeding EUR 100 million in 2011 and employs about 490 people, 260 of them in the Netherlands with headquarters in Emmeloord.
GeesinkNorba develops, manufactures and sells advanced refuse collection vehicle bodies, bin-lifting equipment and compactors. The company is represented in many European countries and operates several assembly plants. Robin Laik, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and its broad offering of innovative solutions for waste collection and processing, GeesinkNorba is excellently positioned to quickly exploit new areas of growth. mutares is excited about the successful closing of the contract with Platinum Equity.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares acquires EUPEC
mutares AG, Munich, has taken over the EUPEC group of companies from the Indonesian Korindo group on January 26, 2012. EUPEC is Europe’s leading provider of coatings for oil-, gas- and water-pipelines. In 2011 the company generated a turnover of more than EUR 200 million and currently employs 120 people at four locations in France and Germany.
EUPEC supplies coatings for various on- and off-shore applications. Customers all over the world are served from the company’s headquarters in Graveline in northern France and from its German subsidiary in Muelheim. During the last three years, EUPEC has been providing all the concrete weight coating for the pipelines of the Nordstream project.
“EUPEC has proven its in-depth expertise in delivering technologically complex solutions in numerous international projects. Based on this competence we are excited to further expand EUPEC’s business”, comments Dr. Axel Geuer, founder of mutares AG and member of its executive board.
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares AG acquires Castelli from Haworth group
mutares AG, Munich, has acquired Haworth S.p.A., the Italian subsidiary of the American group Haworth Inc., a world leading manufacturer of office furniture, on January 18, 2012. The company will operate in the future under its former long-term brand name Castelli. Castelli generated in 2011 a turnover of EUR 28 million with sales of exclusive office furniture and employs about 250 people at its site in San Giovanni/ Bologna, Italy.
Since 1877, Castelli has been producing innovative office furniture for the premium quality segment. As one of the European market leaders the company serves corporate customers worldwide. To further expand its international business Castelli has setup a long-term distribution partnership with the Haworth group. Dr. Axel Geuer, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and high level design expertise, Castelli is excellently positioned to quickly exploit new areas of growth. mutares is excited to own a company with the esteemed brand “Castelli” and partner with a global brand such as Haworth.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares acquires the logistics company SN CGVL
Munich, December 27, 2011
mutares AG, Munich, has acquired the division SN CGVL of the French Star’s Service group on December 22, 2011. SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is an industrial vehicle and driver rental company in France. The company with headquarter in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees.
SN CGVL was already founded in 1906 and is very well established in the French market. Over the last years the company’s fleet has been continuously modernized through extensive investments.
With the sale of SN CGVL Star’s Service group refocuses on its core competence in the delivery over the “last mile”. Robin Laik, founder and member of the executive board of mutares AG, says about the future development of SN CGVL: “Due to the good customer relations and the high quality of service, we see significant growth potential for SN CGVL in the French market. mutares is happy about the successful closing of the contract.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares announces consolidated earnings for the fiscal year 2010/11
Munich, October 10, 2011
Based on successful turn-around activities and on the expansion of its portfolio the mutares-group has achieved a significant growth in revenues and earnings in the fiscal year 2010/11. During the period from April 1, 2010, to March 31, 2011, the turnover has doubled to € 127.6 million (previous year € 60.7 million) with a substantial increase of 95% in the operating profit (EBITDA) to € 15.8 million (previous year € 8.1 million). At the end of the fiscal year 2010/2011 on March 31, 2011, mutares held a total of five portfolio companies in Europe with around 1,500 employees.
mutares acquires companies in special situations and develops them with operational and financial support. Due to strong operational improvements in the portfolio companies and due to the economic growth in Europe since early 2010 last year’s results have significantly improved. Group sales and net income have been increased for the third consecutive year.
Despite a portfolio streamlining group sales went up by 110% from € 66.9 million to € 127.6 million. Primarily the first time consolidation of the HIB-group and the newly acquired Alsace Meuble contributed to this strong increase in sales.
The annual income went up to € 8.3 million, which is € 4.3 million or 108% more than in the previous year.
“The increase in operating cash flow to € 3.2 million (previous year: € -1.4 million) shows our strong operational expertise,” said Axel Geuer, co-founder of mutares. Robin Laik added, “With total assets of over € 100 million and an equity ratio of 32% the group is well positioned for further growth.”
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a significant increase in value. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares AG acquires Rubbens EGC
Munich, August 10, 2011
mutares AG, Munich, acquires the Belgian kitchen manufacturer Rubbens EGC from the leading foodservice equipment manufacturer Ali Group, Italy. Rubbens EGC offers professional customized kitchen equipment for restaurants, canteens and caterers. The company employs a staff of 73 at its two sites in Kruibeke and Stavelot.
Given its 90-years experience as an established supplier Rubbens provides international customers of the hotel and restaurant industry with professional kitchen equipment. The company supplies comprehensive solutions to its customers covering the entire value chain from design to after sales service. Dr. Axel Geuer, founder of the mutares AG and member of its executive board, says: “Based on the strong expertise of the Rubbens EGC team and its profound capability to design innovative customized kitchen interior the company is well positioned to further develop its full potential. mutares welcomes the closing of this transaction with the Ali Group.”
mutares AG, Munich(www.mutares.de), acquires midsized companies, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
mutares AG acquires Huber Decorative Packaging
mutares AG, Munich, acquires the Decorative business of the HUBER Packaging Group GmbH, Oehringen/Germany. HUBER Decorative Packaging GmbH & Co. KG designs and manufactures high-end, tin-based packaging solutions for renowned consumer brands and retailers from various industries. Located in Landshut near Munich the company occupies 135 employees.
The business for decorative packaging made of metal does not belong to Huber Group’s core strategy anymore. Due to the economic recovery in its most important markets Huber Decorative currently experiences a strong sales increase. The core competence of the company lies in the design of sophisticated packaging using special printing and embossing techniques.
Robin Laik, founder and member of the executive board of mutares, says: “With respect to the high level of innovation and the extensive experience of the team Huber Decorative is perfectly positioned to further develop its business into new market segments with a stronger international focus. mutares will actively support this strategy.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 89 9292776-0
Fax: +49 89 9292776-22
info@mutares.de
mutares with strong growth
Due to the further development of its portfolio mutares AG has increased revenues and profits in the fiscal year 2009/10 significantly. In the year ending March 31, 2010, group total output has reached € 78.7 mill. with operating profits (EBIT) of € 6.1 mill. To support its growing business mutares has extended its executive board by two new members.
mutares acquires divisions of large corporations that are being sold as non-core activities. “With total assets exceeding € 100 mill. the mutares group is well positioned for further turn-around investments” Robin Laik, Co-founder of mutares, explains. The portfolio companies from the automotive and engineering sector have shown a very positive progress over the past months. Annual sales growth has increased by more than 30%, thus supporting the repositioning of the companies.
Board member Dr. Geuer added, that the internal management of mutares has been adjusted to support the growing business. Starting from January 1, 2011, the Executive Board of mutares has been enlarged by Dr. Kristian Schleede, CFO, and Dr. Wolf Cornelius, Head of Operations.
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info@mutares.de
mutares AG sells Ledertech GmbH
mutares AG, Munich, sold its portfolio company Ledertech GmbH by a management buy-in to Mr. Gheoghe Chelu. Ledertech, based in Bopfingen (Germany), is a leading provider of leatherboard material for the global shoe and leather goods industry. In its plant in Bopfingen Ledertech occupies 50 employees.
Mr. Chelu intends to continue and further develop the business of Ledertech with its current portfolio of products and customers.
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info@mutares.de