DGAP-News: Balda AG: Stevanato Group takes over operating business
10.03.2016
DGAP-News: Balda AG / Key word(s): Disposal
Balda AG: Stevanato Group takes over operating business
10.03.2016 / 13:30
The issuer is solely responsible for the content of this announcement.
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Bad Oeynhausen, 10 March 2016 – After Balda AG had accepted the bid by
Italian Stevanato Group on 4 February 2016 today the closing and transfer
of ownership was carried out. Consequently, all operating units of the
Balda Group and further assets have been transferred to the
Stevanato Group. The operating business will continue to operate under the
Balda name. Stevanato had handed in their binding offer in the amount of
EUR 95 million on 29 January 2016 at the extraordinary general meeting and
with it was able to win through the bidding war.
“Balda is considered an acclaimed plastics specialist, specifically in the
area of medical technology, and possesses state-of-the-art production
sites. We are very happy about our new Stevanato Group subsidiary and are
envisioning outstanding growth potential – primarily in cooperation with
our division Pharmaceutical Systems, operating under the brand Ompi”, says
Franco Stevanato, CEO of Stevanato Group.
The remaining holding will now change its name into Clere AG and will focus
entirely on the realignment of the company. No revocatory action regarding
the extraordinary general meeting has been received by the company. Thus
the change of name as well as the registration of the capital decrease is
expected to be carried out promptly.
“We are very pleased that the closing was conducted so swiftly and that the
operating units are now an integral part of the family-run Stevanato Group.
We are absolutely convinced that thereby Balda can most successfully be
developed further”, explains Oliver Oechsle, sole Management Board member
of Balda AG and adds: “Now we can completely focus our attention on the
remaining holding and dedicate ourselves to the elaboration of our new
business model under the name of Clere AG.”
Contact / Contact Person
Michael Pfister
Deekeling Arndt Advisors
Tel: +49 (0) 5734 922 2555
Mobile: +49 (0) 160 90560506
Mail: michael.pfister@deekeling-arndt.de
About Stevanato
Stevanato Group with its headquarters in Piombino Dese, Italy, was founded
in 1949 and is specialized in the production of glass containers for
pharmaceutical use, glass converting machines, visual inspection systems,
assembling and packaging machines for the pharmaceutical industry. For
instance, Stevanato Group is currently the market leader in the manufacture
of cartridges for insulin pen injectors. With more than 2400 employees
Stevanato Group generated a total of EUR 337,1 million in sales revenuesin
2015, of which 90 % are derived from export. Besides Italy, Stevanato is
present with production plants in Denmark, Slovakia, Mexico and China. One
plant is under contruction in Brazil and a sales office is present in US.
www.stevanatogroup.com
About Balda
After the sale of the operating business, the business model for the
remaining Balda will lie with investments and shareholdings in the field of
environmental and power engineering. Furthermore, the new Balda will pursue
active asset management as well as SME business participations and SME
financing.
www.balda-group.com
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10.03.2016 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: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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444167 10.03.2016