SIMONA Acquires Plastics Business from Deutsche Holzveredelung Alfons und Ewald Schmeing OHG

SIMONA AG, will acquire the plastics business of Deutsche Holzveredelung Alfons und Ewald Schmeing oHG, based in Kirchhundem-Würdinghausen (North Rhine-Westphalia/Germany), effective from 1 October 2006. The plastics operations of Deutsche Holzveredelung, which encompass the Dehoplast brand, generate revenues of approx. €18 million and include the manufacture and sale of pressed sheets, extruded sheets, solid rods, profiles and finished parts made principally of polyethylene (PE) and polypropylene (PP). Both parties have agreed not to disclose details of the purchase price.

In acquiring Dehoplast, SIMONA will be able to complement its existing product range of semi-finished technical plastics and add to its portfolio by including finished parts. The finished-parts business includes the manufacture of components deployed within the area of mechanical engineering as well as in transportation and storage technology. The acquisition will allow SIMONA to enhance its position as a leading supplier of semi-finished plastics for industrial applications.