All Stories
Follow
Subscribe to Villeroy & Boch AG

Villeroy & Boch AG

euro adhoc: Villeroy & Boch
other
Villeroy & Boch sells 51% of V & B Fliesen GmbH to Eczacibasi Gruppe

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Negotiations concluded
26.03.2007
The negotiations with the Eczacibasi Group, which were announced in 
December 2006, have been concluded. The Turkish Group will acquire 
51% of V & B Fliesen GmbH. Villeroy & Boch will maintain a 49% share 
of V & B Fliesen GmbH. The property and buildings at the two 
factories will remain in the possession of Villeroy & Boch AG. In 
addition the almost 1,000 jobs at V & B Fliesen GmbH are to be 
maintained.
V & B Fliesen GmbH, located at the factories in Merzig/Saar, Germany,
and La Ferté Gaucher, France, achieved sales of Euro 149 million in 
2006 with more than 10 million m2 of wall and floor tiles. A 
licensing agreement ensures the future existence of the "House of 
Villeroy & Boch" integral product range.
The production plants in Germany and France will be continued. The 
company's head office and the administration of V & B Fliesen GmbH 
will remain in Merzig. Peter von der Lippe, who is currently director
of tile activities, will also continue as director of V & B Fliesen 
GmbH in future. Closing is expected on June 30th 2007.
Eczacibasi is a highly-competitive industrial group achieving overall
sales of US$ 2.8 billion. The new association formed by the 
Eczacibasi tile division and V & B Fliesen GmbH will have a total 
tile output of 35 million m². This will clearly improve 
competitiveness in the global markets.
Initiated in 1998, restructuring of Villeroy & Boch AG led to a 
strengthening and modernisation of the two Divisions Bathroom and 
Wellness, and Tableware. The company will continue to promote 
development and globalisation of these two profitable sectors to 
ensure continuation of the positive growth trend.
end of announcement                               euro adhoc 26.03.2007 08:11:20

Further inquiry note:

Futher Press inquiry note:
Elke Fischer
Presse und PR
Tel: 0 68 64 - 81 13 97
E-Mail: fischer.elke@villeroy-boch.com

Branche: Consumer Goods
ISIN: DE0007657231
WKN: 765723
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

Original content of: Villeroy & Boch AG, transmitted by news aktuell