PresseBox
Press release BoxID: 142690 (Deufol SE)
  • Deufol SE
  • Johannes-Gutenberg-Str. 3-5
  • 65719 Hofheim am Taunus
  • http://www.deufol.com
  • Contact person
  • Rainer Monetha
  • +49 (6122) 501238

D.Logistics AG – Expansion of industrial goods packaging within Europe

Acquisition of the Logis group

(PresseBox) (Hofheim, ) Deufol Tailleur GmbH, a 100% subsidiary of D.Logistics AG, acquired the Logis group (www.logis-group.eu). It bought in each case a 100% interest in Logis prumyslové obaly a.s.(Ivancice, Czech Republic), Logis priemyselné obaly s.r.o. (Krušovce, Slovakia) and Logis Industriedienstleistung GmbH (Tulln, Austria).

The Logis group is expected to achieve sales in 2007 of around €10 million. The purchase price is composed of €6.5 million fixed price and a further part of the purchase price which may amount to up to €2.5 million and is related to the sales and earnings development of the companies in the years 2007 to 2009.

This acquisition is an important first step in the course of the growth strategy to expand the industrial goods packaging – beyond the market leadership in Germany – into foreign countries. The potential synergetic effects are to be realized in the short-term.In April 2007, Deufol Tailleur GmbH had already strengthened its domestic posi-tion with the acquisition of the Walpa group.

As of June 30, 2007, D.Logistics AG had acquired the at that time outstanding 45 % minority interest in Deufol Tailleur GmbH and is since then the sole owner.

The Deufol Tailleur group represents within D.Logistics the segment "Industrial Goods Packaging" with revenues of €107 million in the first nine months of 2007.