- 10.03.2006, 08:02:38
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euro adhoc: CHRIST WATER TECHNOLOGY AG / Mergers - Acquisitions - Takeovers / CHRIST becomes turnkey supplier in the beverage industry (E)
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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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10.03.2006
CHRIST WATER TECHNOLOGY takes over 51% of KF Service GmbH completing the product
and process portfolio in the segment Food & Beverage.
With a globally installed base of 450 plants, the Ubstadt-Weiher, Germany,
located KF is one of the leading manufacturers of process plants for the food
and beverage industry with a staff of 53. The turnover in the Food & Beverage
division is expected to grow by EUR 15mn after having realized a preliminary
figure of EUR 23mn in 2005.
KF is focused on the pasteurisation of drinks and milk products. The competence
of the company comprises engineering, procurement and construction (EPC) of
pasteurisation plants for the juice industry and UHT (Ultra High
Temperature-process) plants for the milk industry. Vacuum deaeration plants for
quality control of the end product, fully automated cleaning systems and product
preparation lines complete the programme.
CHRIST CEO Karl Michael Millauer: "With the takeover of KF we fill the last
strategically important gap to become a full liner in the business creating a
competitive edge of CHRIST in a strongly growing food and beverage market."
Together with CHRIST-subsidiary Van der Molen, the expert for the soft drink
industry, CHRIST covers the full range of food and beverage production to the
end product as a turnkey supplier.
Further inquiry note:
Christ Water Technology AG, A-5310 Mondsee, Walter-Simmer-Str. 4
Karl Michael Millauer, CEO, Tel. +0664/2002305
Ralf Burchert, CEFA, Investor Relations & Corporate Communications
Tel. +43 6232 5011 1113, Fax +43 6232 5011 1109,
E-Mail: ralf.burchert@christ-water.com
end of announcement euro adhoc 10.03.2006 07:30:00
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emitter: CHRIST WATER TECHNOLOGY AG
Walter-Simmer-Straße 4
A-5310 Mondsee
phone: +43/6232/9011-1001
FAX: +43/6232/9011-1099
mail: harald.wegscheider@christ.ch
WWW: www.bwt-group.com
ISIN: AT0000499157
indexes: WBI, ATX Prime
stockmarkets: official market: Wiener Börse AG
sector: Biotechnology
language: English
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