DGAP-News
AURELIUS to successfully complete the acquisition of the EMEA Crafts business of market leader Coats Group plc
DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS to successfully complete the acquisition of the EMEA Crafts
business of market leader Coats Group plc
28.07.2015 / 15:22
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AURELIUS to successfully complete the acquisition of the EMEA Crafts
business of market leader Coats Group plc
Munich, July 28, 2015 - The AURELIUS Group (ISIN DE000A0JK2A8) announces
that the acquisition of the EMEA Crafts business of UK headquartered Coats
Group plc, the world's leading industrial thread and consumer textile
crafts business, announced in the first quarter of 2015 will complete on 31
July 2015.
The Coats EMEA Crafts business is the leading supplier of textile craft
products in Europe, with a history going back 250 years. The acquisition
covers the headquarters in Germany and the warehouse and production
facility in Hungary. With about 900 employees, the business generated
revenues of USD 125 million in 18 European countries in 2014.
AURELIUS is experienced in conducting complex carve-out transactions and
specializes in the acquisition of companies with operational improvement
potential. AURELIUS' experts will devote their full attention to the EMEA
Crafts business and support the current management team in setting up the
business as a flexible, independent entity. Besides implementing
operational improvement measures, AURELIUS will focus on the long-term
strategic direction of the Crafts business.
"We are delighted to be successfully completing this transaction. The
pan-European positioning of Coats makes a very good fit with our business
model. The AURELIUS team will now devote its full attention to the
operational reorganization of the acquired unit, so that it is optimally
configured for the future," said Dr. Dirk Markus, Chairman of the Executive
Board of AURELIUS AG. "In view of our well-filled transaction pipeline, we
are very optimistic about our prospects for the remainder of the year. 2015
will be yet another successful year for the AURELIUS Group."
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 21 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS AG are listed in the
m:access segment of the Munich Stock Exchange and are traded on all German
stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor@aureliusinvest.de
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28.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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381641 28.07.2015
AURELIUS to successfully complete the acquisition of the EMEA Crafts
business of market leader Coats Group plc
Munich, July 28, 2015 - The AURELIUS Group (ISIN DE000A0JK2A8) announces
that the acquisition of the EMEA Crafts business of UK headquartered Coats
Group plc, the world's leading industrial thread and consumer textile
crafts business, announced in the first quarter of 2015 will complete on 31
July 2015.
The Coats EMEA Crafts business is the leading supplier of textile craft
products in Europe, with a history going back 250 years. The acquisition
covers the headquarters in Germany and the warehouse and production
facility in Hungary. With about 900 employees, the business generated
revenues of USD 125 million in 18 European countries in 2014.
AURELIUS is experienced in conducting complex carve-out transactions and
specializes in the acquisition of companies with operational improvement
potential. AURELIUS' experts will devote their full attention to the EMEA
Crafts business and support the current management team in setting up the
business as a flexible, independent entity. Besides implementing
operational improvement measures, AURELIUS will focus on the long-term
strategic direction of the Crafts business.
"We are delighted to be successfully completing this transaction. The
pan-European positioning of Coats makes a very good fit with our business
model. The AURELIUS team will now devote its full attention to the
operational reorganization of the acquired unit, so that it is optimally
configured for the future," said Dr. Dirk Markus, Chairman of the Executive
Board of AURELIUS AG. "In view of our well-filled transaction pipeline, we
are very optimistic about our prospects for the remainder of the year. 2015
will be yet another successful year for the AURELIUS Group."
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 21 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS AG are listed in the
m:access segment of the Munich Stock Exchange and are traded on all German
stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor@aureliusinvest.de
---------------------------------------------------------------------
28.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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381641 28.07.2015
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