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| January 6, 2005 |
Joint Press Release:
SGL Carbon AG & ADCURAM Industriekapital AG
Adcuram Acquires SGL Carbon’s Surface Protection
Business
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Wiesbaden / Munich, January 6, 2005. As announced today
in the ad hoc notification from
SGL Carbon, Adcuram Industriekapital AG will acquire SGL Carbon’s
surface protection
business as of January 6, 2005.
The surface protection business of the SGL Carbon Group has been
under the responsibility
of SGL Acotec GmbH, a specialist in coatings, rubber linings, acid-resistant
brick linings,
floor coverings, pipelines, vessels, and equipment made of plastic.
The company holds a
leading position worldwide in industrial corrosion protection. The
surface protection business
achieved in 2004 a turnover of 120 Mio. € with approx. 1.400
employees.
As already been reported in conjunction with its intention to focus
on core businesses, SGL
Carbon has been looking into divestiture possibilities since the
middle of last year with the
assistance of the investment bank Sal. Oppenheim.
Adcuram Industriekapital AG is a financial investor specializing
in the acquisition of
companies and subsidiaries that no longer belong to the core business
of the previous parent
company. Engineering and plant construction is one of the key areas
that Adcuram
emphasizes in its investments. With its business in industrial corrosion
protection, SGL
Acotec GmbH fits in very well with Adcuram’s sectorial focus
on plant construction, which
the company intends to expand through further acquisitions.
Adcuram has extensive experience in managing companies and will continue
to operate
Acotec as a medium-sized enterprise. Adcuram supports its participations
with his own teams
of experts. |
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