EANS-Adhoc: Agreement on the sale of the Static Flat Gaskets business of the Freudenberg Group to ElringKlinger comes into effect
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Contracts
04.01.2011
Dettingen/Erms, (Germany) January 4, 2011 +++ With effect from January 1, 2011, ElringKlinger AG has closed the transaction relating to the acquisition of the Static Flat Gaskets business - encompassing business activities in respect of cylinder-head and exhaust system gaskets - from Freudenberg & Co. KG, Weinheim.
Following the official authorization by the antitrust authorities and the approval of staff representatives at the Nantiat site in France as regards the completion of the planned takeover, the purchase agreement was signed on September 30, 2010.
Alongside the Freudenberg subsidiary Burgmann Automotive GmbH, Gelting, Germany, ElringKlinger has also taken over part of Freudenberg-Meillor S.A.S., Nantiat, France, as well as Oigra Meillor s.r.l., Turin, Italy.
Inclusion in the consolidated group is applicable as at January 1, 2011. Therefore, the newly acquired Static Flat Gaskets lead center of the Freudenberg Group will contribute to sales and earnings of the ElringKlinger Group as from the first quarter of 2011.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
ElringKlinger AG Investor Relations / Press Relations
Max-Eyth-Straße 2, 72581 Dettingen/Erms
Phone: +49 (0)7123-724-137
Fax: +49 (0)7123-724-641
E-mail: stephan.haas@elringklinger.de
Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: MDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Düsseldorf / free trade
München / free trade
Stuttgart / regulated dealing
Original-Content von: ElringKlinger AG, übermittelt durch news aktuell