DGAP-News: SURTECO GROUP SE
/ Key word(s): Disposal
SURTECO GROUP SE: Consolidation course continued; sale of shares in Canplast Mexico
Buttenwiesen, 30 June 2020 - SURTECO GROUP SE, holding company for leading national and international brands in surface technology, announces the sale of its shares in Canplast Mexico S.A. de C.V. As part of the process of optimizing the corporate structure, SURTECO sold its 50 % stake to the previous joint venture partner via the subsidiary SURTECO Canada Ltd. Canplast Mexico is a distribution and sales location. SURTECO will serve the Mexican market through its wholly owned subsidiary Chapacinta S.A. de C.V in future.
SURTECO GROUP SE with its headquarters in Buttenwiesen is a medium-sized, internationally active investment company. The listed company combines leading national and international brands in surface technology under one roof. The extensive product portfolio includes printed decorative papers, impregnating agents, release papers, decorative surface foils and edgebandings based on special technical papers and plastics, plastic skirtings, technical profiles for industry and roller shutter systems. With over 3,100 employees at 22 production sites worldwide, the group generated annual sales of around € 675 million, 25 % of which were generated in Germany, 47 % in other European countries and a further 28 % in America, Asia and Australia. The customers of the SURTECO Group are primarily in the wood-based materials, flooring and furnishing industries and in interior construction.
More information about the company is available at: www.surteco-group.com
The shares of SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich stock exchanges under the symbol SUR and ISIN DE0005176903 and are also traded on the stock exchanges in Berlin, Düsseldorf and Stuttgart.
Reservation regarding statements on the future
To the extent that this press release contains forecasts or expectations or statements relating to the future, these statements may involve known and unknown risks and uncertainties. As a result, there is no guarantee for the statements and expectations expressed. Actual results and developments may differ significantly. The company assumes no obligation to update or revise the forward-looking statements.
30.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||SURTECO GROUP SE|
|Phone:||+49 (0)8274 99 88-0|
|Fax:||+49 (0)8274 99 88-5 05|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1077777|
|End of News||DGAP News Service|