EANS-News: Salzgitter AG takes over Stahl-Metall-Service Gesellschaft für Bandverarbeitung mbH
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers Salzgitter/Karlsruhe (euro adhoc) - Salzgitter AG has signed an agreement to take over Stahl-Metall-Service Gesellschaft für Bandverarbeitung mbH (Stahl-Metall-Service). This measure will complement the existing steel service center activities of our Group in Schwerte, North-Rhine Westphalia, through adding facilities in southern Germany. The parties have agreed not to disclose the purchase price. The reputation of Stahl-Metall-Service for the highest quality and special precision in steel strip processing goes back to 1988. The company, that currently has a workforce of around 110 employees, has operated cutting-edge production facilities in Karlsruher Rheinhafen since 2008. It generated sales of EUR 135 million and shipments in excess of 200,000 tons in 2010. Customers span the automotive, mechanical engineering and electronics sectors, along with ventilation and air conditioning technology, to mention a few. Further inquiry note: Markus Heidler +49 (0) 5341/21-6105 heidler.m@salzgitter-ag.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Salzgitter AG Eisenhüttenstraße 99 D-38239 Salzgitter phone: +49 (0) 5341-21-3783 mail: info@salzgitter-ag.de WWW: http://www.salzgitter-ag.de sector: Iron & Steel ISIN: DE0006202005 indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English
Original content of: Salzgitter AG, transmitted by news aktuell