19.11.2015
Sto SE & Co. KGaA DE0007274136
DGAP-News: Sto acquires majority share in specialist in extruded ceramic surfaces for facades and floors
DGAP-News: Sto SE & Co. KGaA / Key word(s): Investment
Sto acquires majority share in specialist in extruded ceramic surfaces
for facades and floors
19.11.2015 / 13:30
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C O R P O R A T E N E W S
Sto SE & Co. KGaA, Stühlingen
Sto acquires majority share in specialist in extruded ceramic surfaces for
facades and floors
Stühlingen, 19 November 2015 - Sto SE & Co. KGaA has acquired by 18
November 2015 a majority share in Ströher GmbH having its business seat at
Dillenburg. Realizing a turnover of approx. EUR 32 million with a workforce
of approx. 240 employees, Ströher GmbH is from an international perspective
a leading producer of brick slips and ceramics for use on high-class
facades and floors. Ströher has gained a reputation for producing heavy
duty and frost-resisting outdoor ceramics made by cutting-edge extrusion
technology. Especially within the segment of brick slips for use on facades
and thermal insulation systems, Ströher features an attractive portfolio as
well as great production skills.
By way of this cooperation, Ströher GmbH and Sto group intend to strongly
expand their activities within the field of brick slips for thermal
insulation systems and to strengthen their individual market position
further. To this end, the branch facade of Ströher GmbH and the branch
thermal insulation systems of Sto group will closely interlink and combine
their respective strengths in products and systems. Sto group will
significantly extend its portfolio of innovative surfaces by brick slips
which allow plenty of possibilities for design.
Sto SE & Co. KGaA regards this share acquisition as a further step towards
securing its leadership in technology as one of the worldwide leading
specialists in facades. Ströher GmbH expects to generate an attractive
growth in turnover in all sectors of ceramics for facades and floors
through the worldwide sales strength and global recognition of Sto group.
The distribution of Ströher's ceramics portfolio shall be continued via
specialized trade at domestic and international level.
The acquisition is subject to consent by the competent cartel authorities.
Sto SE & Co. KGaA is a major international manufacturer of products and
systems for building coatings. Consolidated turnover in 2014 amounted to
EUR 1,208.7 million. The company is a leader in the business field of
external wall insulation systems. Sto's core product range also includes
high-quality facade elements, as well as renders, plasters and paints for
building exteriors and interiors alike. There is also a focus on concrete
repair, floor coatings, acoustics, and rainscreen cladding systems.
Contact person:
Rolf Wöhrle, Chief Financial Officer of STO Management SE, which acts on
behalf of Sto SE & Co. KGaA, Tel.: +49 7744/57-12 41, e-mail:
[email protected]
Claudia Wieland, Redaktionsbüro tik, tel.: +49 911/9597-871, e-mail:
[email protected]
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19.11.2015 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.
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Language: English
Company: Sto SE & Co. KGaA
Ehrenbachstraße 1
79780 Stühlingen
Germany
Phone: +49 (0)7744 57-0
Fax: +49 (0)7744 57-2178
E-mail: [email protected]
Internet: www.sto.de
ISIN: DE0007274136
WKN: 727413
Listed: Regulated Market in Frankfurt (General Standard),
Stuttgart; Regulated Unofficial Market in Berlin,
Dusseldorf, Munich
End of News DGAP News Service
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414861 19.11.2015
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