Elanders AB: Elanders strengthen its offer in packaging - has signed a letter of intent regarding acquisition in Germany

(Thomson Reuters ONE) -


In line with its strategy to grow within the segment niched packaging products
Elanders has signed a letter of intent to acquire Schmid Druck, a German
packaging company. Schmid Druck is specialized in advanced packaging and unique
print solutions for marketing material. This means that Elanders will strengthen
its offer in packaging, especially on the attractive and important German
market, which already is Elanders' third largest.

In 2015 Schmid Druck is expected to reach EUR 8.5 million in turnover and EUR
1.6 million in EBITDA. The purchase price is expected to EUR 4.5 million on a
cash and debt-free basis and will be settled during the first quarter of 2016 if
the acquisition is completed. Elanders intends to consolidate the operations
starting from the beginning of next year and the acquisition is deemed to
contribute positively to the operating result already in 2016.

Elanders' recent acquisitions:

* Mentor Media (Supply Chain), January 2014, Singapore
* myphotobook (e-Commerce), August 2013, Germany
* McNaughtan's (Print & Packaging), February 2013, Scotland
* Midland Information Resources (Print & Packaging), December 2012, USA
* fotokasten and d|o|m (e-Commerce), March 2012, Germany



Elanders AB (publ)


For further questions, please contact
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
Andréas Wikner, CFO, telephone: +46 31 750 07 50


The information in this press release has been made public according to the
Swedish Securities Market Act and/or the Swedish Financial Instruments Trading
Act. This information was published at 15.15 CET on 2 December 2015.


2015-12-02 Elanders Press release:
http://hugin.info/1053/R/1970878/720606.pdf



This announcement is distributed by GlobeNewswire on behalf of

GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Elanders AB via GlobeNewswire
[HUG#1970878]

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