- 28.10.2008, 09:02:33
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euro adhoc: Semperit AG Holding / Mergers - Acquisitions - Takeovers / Semperit acquires Brazilian sales and distribution company for medical gloves (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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28.10.2008
The Semperit Group has concluded the purchase of a Brazilian sales and
distribution company for medical gloves. The acquired company, Fenix Comercio
Exterior Ltda., has served for years as the sales and distribution partner of
Sempermed in the medical examination glove segment. The acquisition is designed
to enable Semperit to further expand its market share in Brazil, as well as
comprehensively penetrate the growth region of South America in a structured
manner.
"The takeover of this company represents a strategically important step to
further drive the growth of Sempermed. Our medium-term target is also to gain a
leading position in the promising, future-oriented region of South America",
says Rainer Zellner, Chairman of the Management Board of the Semperit Group.
The acquired company will particularly market and distribute Sempermed
examination gloves in South America, operating under the name Sempermed Brazil
Comercio Exterior Ltda. "We are aiming to increase our market share in Brazil
from the current level of 8% to about 15% in the 2009 financial year by
building up structured sales operations", says Clemens Eichler, Managing
Director of the Sempermed division. The integration of Fenix in Sempermed's
global distribution network will also enable the Brazilian company to do
business with large customers, an opportunity it did not previously have.
Sempermed Brazil will operate as affiliate of Sempermed Singapore Pte Ltd a
newly set up joint venture company in cooperation with Sri Trang Agro Plc, a
Thailand-based rubber trading and processing company which is a long-
established and successful joint venture partner of the Semperit Group. Similar
to the ownership structure of the joint production companies for examination
gloves located in Thailand and China, Semperit and Sri Trang Agro will each
hold a 50% stake in Sempermed Singapore Pte Ltd.
Further inquiry note:
Semperit AG Holding
Mag. Sybille Bernhardt
Investor Relations
Tel.: +43 1 79 777- 210
mailto:[email protected]
end of announcement euro adhoc
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emitter: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: [email protected]
WWW: www.semperit.at
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX
stockmarkets: stock market: Börse Frankfurt, Börse Stuttgart, free trade: Börse
Berlin, official market: Wiener Börse AG
language: English
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