DGAP-News 542 0 Kommentare INDUS subsidiaries invest in business expansion

DGAP-News: INDUS Holding AG / Key word(s): Miscellaneous
INDUS subsidiaries invest in business expansion

19.01.2015 / 13:55

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INDUS subsidiaries invest in business expansion

- OFA Bamberg acquires facility in Glauchau
- SELZER takes over 100% of Brazilian subsidiary

Bergisch Gladbach, 19 January 2015 - At the beginning of the year, INDUS
subsidiary OFA Bamberg GmbH expanded its business activities and acquired a
production facility of ESDA GmbH in Glauchau, Saxony, where a modern
production plant for textile products was built up in 1995. In the course
of 2014, the parent company of ESDA, DAUN & Cie. AG, had decided to give up
the location and close the plant. OFA has acquired the plant with a view to
relocating production from Eastern Europe and expects the Saxon production
facility to allow it to respond more swiftly to changing market conditions
and to further slash delivery times.

OFA Bamberg is a manufacturer of medical compression stockings, bandages
and orthoses as well as preventive healthcare products such as support and
travel stockings. The company's product range also includes special
stockings for athletes and diabetics. The products are distributed
primarily through specialist medical retailers and pharmacies. The company
is a member of the INDUS Group since 2000.

Towards the end of the year, INDUS subsidiary SELZER Fertigungstechnik,
Driedorf, acquired the remaining 10% minority interest in Selzer Automotiva
do Brasil. This will allow the Brazilian operations to be integrated more
closely into the German parent company. The former minority shareholder,
Albert Rempel, established the Brazilian company together with SELZER
Fertigungstechnik in Vinhedo near Sao Paulo. Since 2005, the company has
primarily produced gear parts for the domestic truck market.

Employing some 570 people, SELZER Fertigungstechnik, Driedorf, produces
components and assemblies for gearboxes, braking systems and engines,
mainly for customers from the automotive industry. The company has been a
member of the INDUS Group since 2005.

Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.de

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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart

End of News DGAP News-Service
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