MBB Industries AG Acquires the Reimelt Henschel Group
Revenue growth surpasses € 80 million
The parties agreed not to disclose the sale price.
The 13 individual companies that make up the Reimelt Henschel Group produce components and systems for handling and processing powdered and liquid raw materials for the food and chemical industries. Reimelt, which was founded in 1810, is a highly profitable group with 569 employees and consolidated revenue of more than € 80 million. It maintains its own sales and service companies in the United States, Brazil, Canada, Great Britain, and France, as well as in Korea, Hong Kong, and China. The company's process technology makes it the world market leader in the food industry.
This purchase of yet another mid-size niche market leader is a continuation of MBB Industries' successful acquisition strategy. MBB's Management Board believes that Reimelt Henschel's international orientation and the rising demand for mechanical engineering provide an excellent basis for enhancing the value of MBB's new acquisition in the long term.
Consolidation of the Reimelt Henschel Group as of 23 August 2007 will lift MBB Industries'anticipated revenue for 2007 to more than € 100 million. With 1,841 employees, the MBB Group now posts revenue of more than € 160 million annually. Solid liquidity will allow MBB Industries to make further acquisitions even after its takeover of the Reimelt Henschel Group.
The investment bank, equinet AG, advised the seller in connection with this transaction.
MBB Industries AG has been acquiring interests in mid-size industrial firms with sustainable, added-value potential since 1995. Our business model is based on a three-pronged approach that entails acquiring interests at favorable terms, managing these interests in ways that enhance their value, and selling them at high rates of return. MBB Industries AG has been highly profitable right from the start, and we will continue to aim for exceptional yields in the future. The Group, which has approximately 1,340 employees, posted consolidated revenue of € 62.9 million for 2006. The shares of MBB Industries AG are traded in the Entry Standard segment of the Frankfurt/Main Stock Exchange.