DGAP-Adhoc: Balda AG: Balda Investments USA LLC is filing counterclaim in the legal dispute with sellers of Balda C. Brewer, Inc.


Balda AG / Key word(s): Legal Matter

26.01.2015 19:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.


In the context of the arbitration proceedings pending in the US, Balda

Investments USA LLC, a wholly owned subsidiary of Balda AG, decided to file

a counterclaim against the sellers of Balda C. Brewer, Inc. (formerly known

as C. Brewer Company). These sellers had filed an arbitration motion

against Balda Investments USA LLC at the end of December 2014. Balda

Investments USA LLC assert claims for compensatory damages in an amount of

approx. 12 m USD, as well as punitive damages in an undetermined amount and

request the awarding of costs in connection with the suit to the sellers.

Considering that the arbitral proceeding is pending and will further

develop, Balda AG can currently not make any further comment in this



Kathrin Wiederrich

Michael Pfister

Tel: +49 (0) 5734 922-2555


About Balda

Balda (ISIN: DE0005215107) is a provider of first-class solutions in

plastics for demanding, high-quality applications in the fields of

healthcare, lifestyle, automotive and consumer electronics industries.

Balda has operating divisions in Europe and America and maintains

state-of-the-art production facilities at its headquarter in Bad

Oeynhausen, Germany as well as in the USA. The success of Balda, which

employs around 780 people, is based on the deployment of leading-edge,

cost-effective technologies, coupled with the trust-based and close

collaboration with customers.


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Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: ir@balda-group.com

Internet: www.balda-group.com

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service