PresseBox
Press release BoxID: 113930 (Deufol SE)
  • Deufol SE
  • Johannes-Gutenberg-Str. 3-5
  • 65719 Hofheim am Taunus
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  • Contact person
  • Rainer Monetha
  • +49 (6122) 501238

Acquisition of the 45% minority interest in Deufol Tailleur group executed

(PresseBox) (Hofheim am Taunus, ) With the payment of €18 million on June 29, 2007, the contract of purchase for the 45% minority interests in Deufol Tailleur GmbH effective June 30, 2007, was exe-cuted. The remaining purchase price of €5 million is to be paid within three tranches until mid 2010.

The financing was carried out primarily by bank loans, this will lead to an additional interest expense of around €0.6 million in the current year. Since the purchase in-cludes the entitlement to profits starting at January 1, 2007, significant profits which were attributable to minority interests, will from now on be attributable to the equity holders of D.Logistics AG. In 2006 they amounted to roundly €1.9 million.

The Deufol Tailleur group represents within D.Logistics the segment “Industrial Goods Packaging” with revenues of €120 million in 2006. This acquisition is a key step in the context of focusing on packaging activities. The complete takeover is as-sociated with the strategy of D.Logistics AG to expand the industrial goods packaging – beyond the market leadership in Germany – into foreign countries.