EANS-News: Lenzing AG / Lenzing sells plastics filaments business to consortium headed by Global Equity Partners

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Lenzing (euro adhoc) - In order to further streamline its portfolio Lenzing AG
has sold its plastics filaments businesses to a consortium of private investors
headed by the Austrian group Global Equity Partners (GEP). The consortium
jointly acquires directly and indirectly 100 % of the shares in Pedex GmbH (site
Affolterbach, Germany), in Hahl Filaments GmbH (site Munderkingen, Germany), in
Hahl Filamants s.r.o. (site Plana, Czech Republic), as well as in Hahl Inc.
(site Lexington, USA). They produce mainly plastics bristles and monofilaments
for a wide range of industrial and consumer goods. It has been agreed not to
disclose the acquisition price.

Lenzing's CEO, Peter Untersperger, explained: "We want to focus our resources
more on our core business cellulose fibers in the future. Our portfolio analysis
showed that plastics filaments no longer perfectly match the Lenzing strategy
and that this business will be given better long-term development potential by a
different owner." GEP emerged as best bidder from a sales process.

GEP's CEO, Michael Tojner, on the acquisition: "The business is well positioned,
their market position is very good and they ideally fit our investment focus on
expanding medium-sized industrial companies. Moreover, they do have future
growth potential in an interesting niche market. Our goal is to enable the
further development of products and markets of these companies and to support
this process as an active partner."

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-918-2713
mailto:[email protected]
end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: [email protected]
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI
stockmarkets: free trade: Berlin, official market: Wien
language: English

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