26.05.2017 08:02:44
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EQS-Adhoc: Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America
Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Disposal Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America
26-May-2017 / 07:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR
*Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America*
Au / Wädenswil, May 26, 2017 - Von Roll Holding AG is selling one of a total of four locations in the USA, and is thereby proceeding consistently with the realignment initiated in the past year.
Dr. Christian Hennerkes, CEO: "The sale of our subsidiary Von Roll Austral marks another important step in focusing on our more profitable core areas. We are thus parting with a peripheral activity, that is neither sufficiently scalable in the short and medium term nor in line with our future profitability targets. "
Von Roll Austral in Douglasville currently employs about 40 employees and produces various wire products for smaller repair shops as well as for competing wire producers to cover peak loads.
All other activities of the Von Roll Group in the wire business, particularly in France and India, will continue unaltered and will be expanded further in attractive special segments.
_About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is a global market leader for electrical insulation products, systems and services and has a worldwide presence in 29 sites with around 1,700 employees._
*Contact:* Claudia Guentert, Corporate Communications T: +41 44 204 3529, F: +41 44 204 3007, E: press@vonroll.com
End of ad hoc announcement Language: English Company: Von Roll Holding AG Steinacherstr. 101 8804 Au Switzerland Phone: +41 44 204 3500 Fax: +41 44 204 3007 E-mail: reception@vonroll.com Internet: www.vonroll.com ISIN: CH0003245351 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt; SIX Swiss Exchange
End of Announcement EQS Group News Service
577315 26-May-2017 CET/CEST
(END) Dow Jones Newswires
May 26, 2017 01:31 ET (05:31 GMT)- - 01 31 AM EDT 05-26-17
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