DGAP-Adhoc: Balda AG: Sellers of Balda C. Brewer Inc. assert arbitration claims against Balda-subsidiary


Balda AG / Key word(s): Legal Matter

02.01.2015 20:31

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.


The sellers of C. Brewer Company, Anaheim/California, USA (meanwhile

renamed in Balda C. Brewer, Inc.), in which Balda AG, through its

wholly-owned subsidiary Balda Investments USA LLC, acquired all shares at

the end of December 2012, has submitted arbitration claims in the United

States against Balda Investments USA on December 31, 2014. The sellers

claim that the company, by certain acts, impeded the achievement of the

parameters agreed in the share sale and purchase agreement for the

performance-related purchase price adjustment (earn-out). In their

statement of claim, the sellers assert damage claims in the amount of USD 5

million, as well as punitive damages in an undetermined amount and request

the awarding of costs in connection with the arbitration proceedings to the

defendant. Balda AG deems the action to be unfounded and baseless.

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: info@Balda.de

Internet: www.balda.de

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