04.02.2016 15:48:56
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DGAP-News: Balda AG
DGAP-News: Balda AG: Balda accepts take-over bid by Stevanato Group
04.02.2016 / 15:48 The issuer is solely responsible for the content of this announcement.
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Bad Oeynhausen, 4 February 2016 - Balda AG has accepted the purchase offer of Italian Stevanato Group for the entire operating business and is currently preparing closing. Stevanato had handed in their binding offer on 29 January 2016 at the extraordinary AGM. They had increased their offer from the original purchasing price of EUR 80 million to EUR 95 million in the context of a bidding war.
"We are very pleased to become a part of the successful Stevanato Group. Because of joint development projects with the Stevanato-brand Ompi in the past we were able to get to know the impressive corporate culture of the family business and their extensive product portfolio. We see many similarities. Not least because of this I am convinced that Balda - under the roof of family owned and run Stevanato - will be able to develop dynamically and has thus the best future prospects", explains Oliver Oechsle, sole Management Board member of Balda Group.
About Balda
Balda (ISIN: DE0005215107) is a provider of high-end plastics solutions that rely on quality in sophisticated fields of application in the healthcare, lifestyle, automotive and consumer electronics industry. Balda operates in Europe and Northern America and has state of the art production sites at the Oeynhausen headquarters in Germany and in the US. The company's success with its about 780 staff worldwide is based on the use of modern, cost-efficient technologies and the close cooperation with our customers in a spirit of trust. www.balda-group.com
About Stevanato
Stevanato Group with its headquarters in Piombiono Dese, Italy, was founded in 1949 and is today globally the biggest owner-run developer of ready-to-use containers and bulk primary packaging from syringes and cartridges, to vials and ampoules within the pharma industry. For instance, Stevanato Group is currently the market leader in the manufacture of cartridges for insulin pen injectors. With 2100 employees Stevanato generated a total of EUR 285 million in sales revenues.in 2014, of which 90 % are derived from export. Besides Italy, Stevanato is present in Denmark, Slovakia, Mexico and China. www.stevanato-group.com
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04.02.2016 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 ---------------------------------------------------------------------------
434889 04.02.2016
DGAP-News: Balda AG / Key word(s): Disposal Balda AG: Balda accepts take-over bid by Stevanato Group
04.02.2016 / 15:48 The issuer is solely responsible for the content of this announcement.
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Bad Oeynhausen, 4 February 2016 - Balda AG has accepted the purchase offer of Italian Stevanato Group for the entire operating business and is currently preparing closing. Stevanato had handed in their binding offer on 29 January 2016 at the extraordinary AGM. They had increased their offer from the original purchasing price of EUR 80 million to EUR 95 million in the context of a bidding war.
"We are very pleased to become a part of the successful Stevanato Group. Because of joint development projects with the Stevanato-brand Ompi in the past we were able to get to know the impressive corporate culture of the family business and their extensive product portfolio. We see many similarities. Not least because of this I am convinced that Balda - under the roof of family owned and run Stevanato - will be able to develop dynamically and has thus the best future prospects", explains Oliver Oechsle, sole Management Board member of Balda Group.
About Balda
Balda (ISIN: DE0005215107) is a provider of high-end plastics solutions that rely on quality in sophisticated fields of application in the healthcare, lifestyle, automotive and consumer electronics industry. Balda operates in Europe and Northern America and has state of the art production sites at the Oeynhausen headquarters in Germany and in the US. The company's success with its about 780 staff worldwide is based on the use of modern, cost-efficient technologies and the close cooperation with our customers in a spirit of trust. www.balda-group.com
About Stevanato
Stevanato Group with its headquarters in Piombiono Dese, Italy, was founded in 1949 and is today globally the biggest owner-run developer of ready-to-use containers and bulk primary packaging from syringes and cartridges, to vials and ampoules within the pharma industry. For instance, Stevanato Group is currently the market leader in the manufacture of cartridges for insulin pen injectors. With 2100 employees Stevanato generated a total of EUR 285 million in sales revenues.in 2014, of which 90 % are derived from export. Besides Italy, Stevanato is present in Denmark, Slovakia, Mexico and China. www.stevanato-group.com
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04.02.2016 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 ---------------------------------------------------------------------------
434889 04.02.2016
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