DGAP-News: Pfleiderer AG: Sale of Uniboard completed
(firmenpresse) - DGAP-News: Pfleiderer AG / Key word(s): Disposal
Pfleiderer AG: Sale of Uniboard completed
06.09.2012 / 10:08
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Dusseldorf, September 6, 2012 - Pfleiderer Canada Inc., a subsidiary of
Pfleiderer AG (ISIN DE0006764749), has entered into an agreement to sell
Uniboard Canada Inc. to a subsidiary of Kaycan Ltd. Uniboard Canada is a
North American leader in engineered wood products producing Particleboard,
MDF, Thermally Fused Melamin and Laminate Flooring. Closing of the
transaction is expected in the third quarter 2012 subject to certain terms
and conditions.
As part of the ongoing restructuring programme, Pfleiderer AG last year
announced the planned sale of its North American operations. In December
2011, Pfleiderer had already announced the sale of US-American operations
at Moncure, part of Uniboard Group. With the agreement to sell the Canadian
operations, the sale of Uniboard is now completed.
About Pfleiderer:
The Pfleiderer Group (ISIN DE 0006764749) is one of the world's leading
producers of engineered wood. The company employs approximately 4,700
people and operates 16 locations in North America, Western and Eastern
Europe producing engineered wood, surface finished products and laminate
flooring. Pfleiderer is a preferred partner of the furniture industry,
specialist and home improvement stores, and interior design suppliers. In
fiscal year 2011, the Group (continued operations) generated preliminary
consolidated revenues of approximately EUR1.1 billion. More information at:
www.pfleiderer.com
About Uniboard Canada Inc.:
UniboardCanada, a subsidiary of PfleidererGroup, is a leading North
American manufacturer of engineered wood products with 800 employees.
Uniboard produces raw particleboard, high density and medium density
fiberboard, of which over 50% is converted into value added melamine and
laminated flooring products. Uniboard(R) is the largest supplier of
thermofused melamine panels in North America. More information at:
www.uniboard.com.
Contact persons:
Media
Frank Elsner Kommunikation GmbH
Frank Elsner
Tel.: + 49 (0)5404 9192-0
Fax: + 49 (0)5404 9192-29
Email:office(at)elsner-kommunikation.de
Analysts/Investors
Lothar Sindel
Vice President Investor Relations
Tel.: + 49 (0) 211 929 638 20
Fax: + 49 (0) 211 929 638 22
E-mail: lothar.sindel(at)pfleiderer.com
End of Corporate News
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06.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Pfleiderer AG
Kennedydamm 55
40476 Düsseldorf
Germany
Phone: +49 (0) 211 929 638 20
Fax: +49 (0) 211 929 638 22
E-mail: lothar.sindel(at)pfleiderer.com
Internet: www.pfleiderer.com
ISIN: DE0006764749
WKN: 676474
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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184358 06.09.2012
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Datum: 06.09.2012 - 10:08 Uhr
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News-ID 180789
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