DGAP-News: Balda AG: Balda AG sells Albea Kunststofftechnik GmbH in Seelbach


Balda AG / Key word(s): Disposal

22.12.2006 12:14


The new owner intends to retain all employees of Albea

With approximately Euro 3.5 million the price realised is in line with


Balda receives an additional approximately Euro 8.0 million from the

redemption of intercompany loans by the vendee

With the sale another major part of the strategic refocusing announced in

2006 has successfully been closed

Bad Oeynhausen, 22 December 2006 – Today Balda has sold Albea

Kunststofftechnik GmbH with production facilities in Seelbach

(Baden-Württemberg) as announced. Vendee is a group of investors with a

strong entrepreneurial focus and a long term view advised by INKAP

Industriekapital GmbH. ‘We at Balda are especially pleased that all 290

employees retain their jobs according to plan’, said Balda CEO Joachim Gut

in Bad Oeynhausen on Friday. The existing contracts with a temporary

employment company will also be taken over; currently 100 temporaries are

working at the Seelbach plant.

INKAP intends to leverage and to further strengthen Albea’s excellent

market position and in particular its European presence. Albea is a

manufacturer of premium plastic components for a range of industries,

including the automotive sector. With approximately Euro 3.5 million the

price realised by Balda is in line with the expectations. In addition the

vendee pays back to Balda intercompany loans totalling approximately Euro

8.0 million. ‘With the sale we have successfully closed another major part

of the strategic refocusing announced in 2006’, Gut added.

Balda AG, Cersten Hellmich and Kathrin Wiederrich (Investor Relations),

Telephone: +49 (0) 5734 922 – 2706 / 2751, Facsimile: +49 (0) 5734 922 –

2691, e-mail: chellmich@balda.de, kwiederrich@balda.de, Internet:


22.12.2006 Dissemination of a Corporate News, transmitted by DGAP –

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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