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DGAP-News: Mutares SE & Co. KGaA / Key word(s): Miscellaneous
Mutares signed a binding offer to acquire Sealynx International and its subsidiaries from GMD Group
- Expected twelfth acquisition in 2021
- Manufacturer of rubber and thermoplastic sealing solutions for passenger cars and commercial vehicles
- Add-on acquisition to SFC Solutions Group
- Significant topline and cost synergies expected with the SFC Solutions Group
Munich, 17 November 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and the GMD Group have entered into exclusive discussions for the acquisition of Sealynx International which has production sites in France, Morocco, Romania and a joint-venture in Algeria. Provided that all necessary consents are obtained and consultations completed, in particular the information and consultation process with the works council of Sealynx International, the transaction is expected to close in Q1 2022.
Sealynx International is an important manufacturer and supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. The company generated revenues of approx. EUR 65 million in 2020 and employs over 700 people with recognized know-how.
The combination of Sealynx International together with the SFC Solutions Group will create an important player for automotive sealings in Europe, serving a complementary customer base with a broad product range. The company is headquartered and has production facilities in Charleval (France), and two additional plants at immediate proximity of Tier-1 production sites in Morocco and Romania. Its industrial footprint will be a key lever to the competitiveness of the combined groups.
Johannes Laumann, CIO of Mutares SE & Co. KGaA comments: "We are very happy to make this important step towards the acquisition of Sealynx International and start creating significant growth and cost synergies with our SFC Solutions Group to become a significant player in the European Sealing Business."
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17.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Mutares SE & Co. KGaA
+49 (0)89-9292 776-0
+49 (0)89-9292 776-22
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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