DGAP-News: Mutares with successful year-end spurt and 10th transaction in 2019: Acquisition of the German napkin business from Metsä Tissue
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Private Equity/Takeover
Mutares with successful year-end spurt and 10th transaction in 2019: Acquisition of the German napkin business from Metsä Tissue
Munich, December 23, 2019 - keeeper tableware GmbH, a portfolio company of Mutares SE & Co. KGaA (ISIN: DE000A2NB650), has signed an agreement to acquire the German napkin business of the Finnish Metsä Tissue Corporation, one of the leading tissue paper product manufacturers globally. The transaction is expected to be completed in the first quarter of 2020. The transaction with Metsä Tissue Corporation includes the real estate, machinery, equipment and warehouses at the Stotzheim mill in Germany as well as the Fasana and Mondial brands. The business will be integrated into the keeeper Group (Portfolio segment Goods & Services) as a strategic add-on. Based on Mutares Group's buy-and-build approach, this acquisition is intended to complement and strategically further develop keeeper's product portfolio as well as to mutually exploit sales synergies. The production at the Stotzheim site dates back to 1928. In Germany, the business is one of the top 2 manufacturers of coloured and printed napkins and the market leader in the private label segment. The established customer portfolio is characterized by long-lasting relationships and is broadly diversified. In financial year 2018, the business generated sales of around EUR 45 million and employed ca. 200 people. "The enormous number of 10 acquisitions in 2019 has already brought us close to the 2022 target of EUR 2 billion in group revenues - a fantastic achievement of our teams in Munich, Paris, Milan, London, Helsinki as well as in our active holdings. The current acquisition from Metsä Tissue represents a complementary add-on to keeeper Group and underlines the growth strategy of Mutares Group", comments Johannes Laumann, CIO of Mutares, on the 10th acquisition in the current financial year. Company profile of the keeeper Group Company profile of Mutares SE & Co. KGaA For further information: Mutares SE & Co. KGaA Contact Press
23.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | [email protected] |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 942063 |
End of News | DGAP News Service |
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942063 23.12.2019
Mutares SE & Co. KgaA Stock
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Mutares SE & Co. KgaA.
As a result the target price of 45 € shows a positive potential of 47.54% compared to the current price of 30.5 € for Mutares SE & Co. KgaA.